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Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming military base
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FILE - The entrance to F.E. Warren Air Force Base is pictured May 24, 2018, in Cheyenne, Wyo. President Joe Biden on Monday, May 13, 2024, issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near the Wyoming nuclear missile base. The order forces the divestment of property operated as a crypto mining facility near the base. - photo by AP Photo/Mead Gruver, File
WASHINGTON (AP) — President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base. The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment owned by MineOne Partners Ltd., a firm that is partly owned by the Chinese state.