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Is a Cheyenne bitcoin mining operation a national security threat?

The Times reported that the mining operation is linked to five different companies, with one company, Bit Origin Ltd., previously registered as a pork-processing company in the Cayman Islands. Microsoft relayed concerns to the US government that a Cheyenne, Wyoming, Bitcoin mining operation could pose a national security threat.

Could a bitcoin operation pose a national security threat?

Pentagon officials monitoring a Bitcoin operation in Wyoming that sits across from a Microsoft data center and a nearby military base are worried that the owners' ties to China could pose a national security threat, per The New York Times.

Is a bitcoin mine near the Pentagon a real thing?

A Bitcoin mine in Wyoming is on the radar of Pentagon officials. The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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