National security concerns emerge over Chinese Bitcoin mine in Wyoming
The post National security concerns emerge over Chinese Bitcoin mine in Wyoming appeared on BitcoinEthereumNews.com. National security concerns have been raised over a Chinese Bitcoin (BTC) mining operation in Cheyenne, Wyoming, and stakeholders believe it could pose a significant threat to critical military infrastructure in the United States. The operation has caught the attention of US authorities who fear it may provide an opportunity for the Chinese government to engage in “full-spectrum intelligence collection operations,” The New York Times reported on October 13. The crypto mining operation in question was brought to the US government’s attention when a team at Microsoft (NASDAQ: MSFT) submitted a report to the Committee on Foreign Investment in August 2022. The team expressed concerns that the operation had the potential to collect sensitive information from the data center in Cheyenne, which plays a pivotal role in supporting the operational needs of the Pentagon. According to Microsoft: “Microsoft has no direct indications of malicious activities by this entity. However, pending further discovery, we suggest the possibility that the computing power of an industrial-level crypto mining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft’s Data Center and one of three strategic-missile bases in the US, provides significant threat vectors.” Areas of concern US officials are also concerned the Chinese-owned mining plant could potentially be exploited to overwhelm electrical grids intentionally, causing planned blackouts or engaging in other cyberattacks. This has prompted growing concerns that the Chinese government is attempting to target and disrupt US military operations. The Wyoming-based mine has raised eyebrows due to its proximity to the Francis E. Warren Air Force Base, which houses Intercontinental Ballistic Missiles (ICBMs). Interestingly, the operation is linked to five companies, one of which, Bit Origin Ltd., was previously registered as a pork-processing company in the Cayman Islands. Li Jiaming, the president of Bit Origin…
The post National security concerns emerge over Chinese Bitcoin mine in Wyoming appeared on BitcoinEthereumNews.com.
National security concerns have been raised over a Chinese Bitcoin (BTC) mining operation in Cheyenne, Wyoming, and stakeholders believe it could pose a significant threat to critical military infrastructure in the United States. The operation has caught the attention of US authorities who fear it may provide an opportunity for the Chinese government to engage in “full-spectrum intelligence collection operations,” The New York Times reported on October 13. The crypto mining operation in question was brought to the US government’s attention when a team at Microsoft (NASDAQ: MSFT) submitted a report to the Committee on Foreign Investment in August 2022. The team expressed concerns that the operation had the potential to collect sensitive information from the data center in Cheyenne, which plays a pivotal role in supporting the operational needs of the Pentagon. According to Microsoft: “Microsoft has no direct indications of malicious activities by this entity. <…> However, pending further discovery, we suggest the possibility that the computing power of an industrial-level crypto mining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft’s Data Center and one of three strategic-missile bases in the US, provides significant threat vectors.” Areas of concern US officials are also concerned the Chinese-owned mining plant could potentially be exploited to overwhelm electrical grids intentionally, causing planned blackouts or engaging in other cyberattacks. This has prompted growing concerns that the Chinese government is attempting to target and disrupt US military operations. The Wyoming-based mine has raised eyebrows due to its proximity to the Francis E. Warren Air Force Base, which houses Intercontinental Ballistic Missiles (ICBMs). Interestingly, the operation is linked to five companies, one of which, Bit Origin Ltd., was previously registered as a pork-processing company in the Cayman Islands. Li Jiaming, the president of Bit Origin…
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