Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

CleanSpark had just finished hailing the benefits of its purchase of a Wyoming crypto-mining site when the White House declared that the current operation was a national security threat that must be halted.it was unaware of the order before buying the properties but intends to move forward with the acquisition.

While this may not be a surprising move in itself, the timing stands out, as MineOne sold the sites to CleanSpark less than a "The executive order and the involvement of CFIUS, both of which we were unaware of before signing the deal, has added an unexpected layer to the closing process, but we are working through these developments toward a satisfactory closing," the spokesperson told CoinDesk in a statement.

 

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