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Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT).
U.S. Pentagon officials are keeping close tabs on a Wyoming-based Bitcoin (CRYPTO: BTC) operation owned by Chinese interests amid fears of potential national security risks.
Microsoft reported one site in Wyoming because of its proximity to a data center and nuclear missile base. Records show other cryptocurrency facilities have ties to the Chinese state.
In an August 2022 report to the Committee on Foreign Investment, Microsoft warned the mine could allow the Chinese to 'pursue full-spectrum intelligence collection operations.'
Bit Origin Ltd (NASDAQ:BTOG – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 6,000 shares, a drop of 73.1% from the August 31st total of 22,300 shares. Based on an average trading volume of 21,800 shares, the days-to-cover ratio […]