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President Biden Orders A Bitcoin Miner Operator In Wyoming To Divest Alleging Ties To China

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President Biden Orders A Bitcoin Miner Operator In Wyoming To Divest Alleging Ties To China


Air Force fears lead Wyoming Bitcoin miner operator warning to divest interest due to alleged ties with China, following President Biden’s order in the United States.

Crypto and Bitcoin regulations are evolving in the United States. However, judging from the current administration’s declarations over its years in power, analysts think President Biden opposes cryptocurrencies.

Their position is clear from claiming that Bitcoin mining is a waste and that the United States SEC is cracking down on protocols launching on decentralized networks.

While Bitcoin mining has been said to benefit the national grid and help stabilize the network during surges, an executive order issued on Monday could hint at what lies ahead.

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Divest Your Operations: President Biden Orders

Citing national security concerns, President Biden ordered MineOne Partners Limited, a company registered in the British Virgin Islands, to divest their interest in a Bitcoin mining facility, alleging ties to China.

The mining farm in Wyoming is roughly a mile from the Francis E. Warren Air Force Base. State and Federal authorities were reportedly not comfortable with the miner being near such a critical installation managing nuclear-armed intercontinental ballistic missiles. 

Moreover, the committee overseeing foreign investment risks said that besides the proximity, “specialized equipment” was shipped to enable mining.

President Biden is taking action roughly a year after MineOne acquired the data center. The United States government wants its operators to sell their holdings within four months. 

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As part of the “insurmountable” risks, the committee said MineOne operators won’t access the site. Moreover, they have three months to remove all physical structures or installations.

In 2022, Microsoft, a United States technology company with a data center in the same area, also raised concern that MineOne could enable intelligence operations near the Air Force base. 

Microsoft reported MineOne to an inter-agency Committee on Foreign Investment in the United States.

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United States Is A Power House In Bitcoin Mining

Following the ban on crypto mining operators in mainland China in 2021, most operators shifted their gear to the United States. This migration allowed the United States to be the world’s largest source of Bitcoin hash rate.

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Leading companies like Riot Blockchain and Marathon Digital continue to operate and expand, even going public. The Foundry USA is also the largest mining pool.

Bitcoin miner operator told to divest interest due to alleged ties with China following a presidential order in the United States

(Hash Rate Distribution)

Even so, amid the boom, there have been concerns.

In February, residents of Granbury, Texas, complained about the noise pollution from the mining farm. The irritating “hum” from the cooling fans needed to keep miners cool, one resident said, is “like sitting on the runway of an airport where jets are taking off, one after another.”

In 2022, New York imposed a moratorium on Bitcoin mining, citing concerns about the overuse of renewable energy resources.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital



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Wyoming

Casper approves Wyoming Boulevard property rezoning

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Casper approves Wyoming Boulevard property rezoning


CASPER, Wyo. — The Casper City Council voted Tuesday to approve on first reading a zoning change for a vacant 2.4-acre parcel located at 1530 SE Wyoming Boulevard, transitioning the property from residential to commercial use.

The ordinance reclassifies Lot 4 of the Methodist Church Addition from Residential Estate to General Business. Located between East 15th and East 18th streets, the irregular-shaped property has remained undeveloped since it was first platted in 1984.

While original plans for the subdivision envisioned a church and an associated preschool, Community Development Director Liz Becher reported those projects never materialized.

According to Becher, the applicant sought the rezoning to facilitate the potential installation of a cell tower or an off-premises sign. Under the new C-2 designation, a cell tower up to 130 feet in height is considered a permitted use by right, though any off-premises sign would still require a conditional use permit from the Planning and Zoning Commission. The applicant also owns the adjacent lot to the north, which the city rezoned to general business in 2021.

Becher said the change aligns with the “Employment Mixed Use” classification in the Generation Casper comprehensive land use plan. This designation typically supports civic, institutional and employment spaces.

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Despite the new zoning, the property remains subject to a subdivision agreement that limits traffic access. Entry and exit are restricted to right turns onto or from East 15th Street, and no access is permitted from East 18th Street.

The council will vote on two more readings of the ordinance before it is officially ratified.

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Two men detained in Wyoming in connection with deadly shooting at downtown Salt Lake hotel

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Two men detained in Wyoming in connection with deadly shooting at downtown Salt Lake hotel


Two men were detained in Wyoming in connection with a fatal shooting at a downtown Salt Lake hotel that killed one man.

Carlos Chee, 23, and Chino Aguilar, 21, were both wanted for first-degree felony murder after the victim, identified as Christian Lee, 32, was found dead in a room at the Springhill Suites near 600 South and 300 West.

According to warrants issued for their arrest, Chee and Aguilar met with Lee and another woman at the hotel to sell marijuana. During the alleged drug deal, Aguilar allegedly shot and killed Lee after he tried to grab at his gun.

MORE | Shootings

Investigators said they found Lee dead in the room upon arrival, as well as a single shell casing on the floor and a small amount of marijuana on the television stand.

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The woman told investigators she had met Chee on a dating app and that he agreed to come to the hotel to sell her marijuana. She had been hanging out with him in the room, which Lee rented for her to use, when Lee asked them to leave. Lee was then shot and killed following a brief confrontation.

Chee and Aguilar allegedly fled the scene in a 2013 Toyota Camry with a Texas license plate that was later found outside of Rock Springs, Wyoming just a few hours later.

The two men were taken into custody and detained at the Sweetwater County Sheriff’s Office.

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Man shot, critically injured by deputy during ‘disturbance’ in Rock Springs, Wyoming

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Man shot, critically injured by deputy during ‘disturbance’ in Rock Springs, Wyoming


A man was hospitalized with critical injuries after he was reportedly shot by a deputy responding to reports of a disturbance.

Deputies with the Sweetwater County Sheriff’s Office and officers with the Rock Springs Police Department responded to the Sweetwater Heights apartment complex in the 2100 block of Century Boulevard just after 4 a.m. on Monday to investigate reports of a disturbance involving an armed individual.

Information that dispatch received indicated that the individual had shot himself. When officials arrived, they found the individual on the balcony of an upstairs apartment “who appeared to have a gunshot wound consistent with the initial report,” a press release states.

MORE | Officer-Involved Shooting

During the encounter, a deputy discharged their weapon and struck the individual.

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Emergency medical personnel rendered aid, and the individual was transported to an area hospital in critical condition.

No law enforcement officers or members of the public were injured during the incident.

The Wyoming Division of Criminal Investigation will conduct an independent investigation.

The deputy who fired their weapon was placed on administrative leave per standard protocol.

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