Are there Chinese-owned bitcoin mines in the US?

The Times found Chinese-owned or -operated Bitcoin mines in at least 12 states, including Arkansas, Ohio, Oklahoma, Tennessee, Texas and Wyoming, that together use as much power as 1.5 million homes. Some are owned by people or companies with links to the Chinese government or the Communist Party.

Does China own a bitcoin mine?

The reporters have investigated Chinese ownership of Bitcoin mines across the United States. President Biden on Monday ordered a company with Chinese origins to shut down and sell the Wyoming cryptocurrency mine it built a mile from an Air Force base that controls nuclear-armed intercontinental ballistic missiles.

Are Chinese-owned crypto mines booming in the United States?

Chinese-owned cryptocurrency mines have boomed in the United States since the facilities were effectively banned in China in 2021. While some cryptomining has since restarted in China, Chinese crypto entrepreneurs are drawn to the United States for its relatively cheap electricity and well-developed legal system.