Carding 4 Carders
Professional
Why did Chinese crypto miners choose Wyoming to build mines and what are they up to?
The Pentagon is monitoring a cryptocurrency farm in Wyoming, which is located in close proximity to a Microsoft data center and a large military base.
In 2022, the Microsoft team sent an application to the Committee on Foreign Investment of the United States. The management fears that the location of the farm may give the Chinese government the opportunity to " carry out intelligence operations." The threat is particularly relevant for the Francis E. Warren Air Force Base, which hosts intercontinental ballistic missiles.
At the same time, Microsoft notes that they have no direct evidence of malicious activity of the organization.
In 2021, China banned the resource-intensive practice of mining, after which large cryptominers began to move to other countries, including the United States.
Researchers found such farms in 12 states. According to reports, only a few of them had ties to the Chinese government.
The Wyoming crypto mine appears to be linked to several companies at once. One of them, Bit Origin Ltd., was previously registered in the Cayman Islands as a pig farm.
Bit Origin's president, Li Jiaming, dismissed suggestions that proximity to a Microsoft data center and military facility played a role in the choice of the area. According to him, the decisive factor was the possibility of cooperation with a local energy company.
"Even though we are Microsoft's neighbors and are a couple of miles away from a military base, without electricity, our business is doomed to fail. The success of a crypto mine directly depends on a stable energy supply," Jiaming commented in an interview.
Some officials have other concerns about Chinese cryptocurrency farms — the infrastructure that consumes a huge amount of electricity can be used for cyber attacks. For example, to intentionally overload the power grid.
The Pentagon is monitoring a cryptocurrency farm in Wyoming, which is located in close proximity to a Microsoft data center and a large military base.
In 2022, the Microsoft team sent an application to the Committee on Foreign Investment of the United States. The management fears that the location of the farm may give the Chinese government the opportunity to " carry out intelligence operations." The threat is particularly relevant for the Francis E. Warren Air Force Base, which hosts intercontinental ballistic missiles.
At the same time, Microsoft notes that they have no direct evidence of malicious activity of the organization.
In 2021, China banned the resource-intensive practice of mining, after which large cryptominers began to move to other countries, including the United States.
Researchers found such farms in 12 states. According to reports, only a few of them had ties to the Chinese government.
The Wyoming crypto mine appears to be linked to several companies at once. One of them, Bit Origin Ltd., was previously registered in the Cayman Islands as a pig farm.
Bit Origin's president, Li Jiaming, dismissed suggestions that proximity to a Microsoft data center and military facility played a role in the choice of the area. According to him, the decisive factor was the possibility of cooperation with a local energy company.
"Even though we are Microsoft's neighbors and are a couple of miles away from a military base, without electricity, our business is doomed to fail. The success of a crypto mine directly depends on a stable energy supply," Jiaming commented in an interview.
Some officials have other concerns about Chinese cryptocurrency farms — the infrastructure that consumes a huge amount of electricity can be used for cyber attacks. For example, to intentionally overload the power grid.
