Outlaw Mining News Today

The student’s story has become a case study in how Chinese nationals can move money from China to the United States without drawing the attention of authorities in either country.

Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan...

A legal dispute in a small Texan town has revealed how Chinese nationals can move money to the US without drawing the attention of authorities.

A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country.

Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, a former General Electric CEO. And he is the majority owner of a bitcoin mine in Texas, acquired last year for more than $6 million. Yu, a 23-year-old student at New York University, has also become — quite unintentionally — a case study in how Chinese nationals can move money fro...

Yu, a 23-year-old student at New York University, has also become - quite unintentionally - a case study in how Chinese nationals can move money from China to the United States without drawing the attention of authorities in either country. The Texas facility, a large computing center, was not purchased with dollars. Instead, it was bought with cryptocurrency, which offers anonymity, with the transaction routed through an offshore exchange, preventing anyone from knowing the origin of the financ...

On today's show, my guest is Nathan Sprague. Nathan is the COO at Outlaw Mining, a company that specializes in sourcing and developing access to dirt-cheap power supply, at scale, designed to power high-power computing applications. They work to bring a turnkey solution to individuals and companies wanting to build a bitcoin mining site by pinpointing access to cheap power,