United States President Joe Biden has issued an order prohibiting the acquisition of certain real property by MineOne Cloud Computing Investment I L.P., citing national security concerns. The order, based on findings outlined by the President, aims to safeguard critical assets near Francis E. Warren Air Force Base (Warren AFB) in Cheyenne, Wyoming.<\/p>\n
The President’s order stems from evidence indicating that MineOne Partners Limited, a British Virgin Islands company majority owned by Chinese nationals, and related entities planned to acquire real estate within one mile of Warren AFB. This real estate, specifically described as Lot 1, Block 10 North Range Business Park 3rd Filing,\u00a0and the nature of operations conducted by MineOne,\u00a0poses potential national security risks due to its close proximity to a\u00a0strategic\u00a0missile base, Biden explained.<\/p>\n
MineOne acquired the real estate in June 2022 and subsequently developed it for specialized cryptocurrency mining operations, which raised concerns about surveillance and espionage activities facilitated by foreign-sourced equipment. The Committee on Foreign Investment in the United States (CFIUS) became involved after a public tip, which they then identified significant risks to national security associated with the transaction.<\/p>\n