Bison Blockchain Expands Lawsuit Against MineOne and Bitmain as White House Intervenes
Bison Blockchain, a Wyoming-based startup, has escalated its legal battle against MineOne, a mining farm operator, and Bitmain, the world's largest ASIC manufacturer. The White House has also intervened, citing security concerns and illegal activities.
Bison Blockchain, based in Cheyenne, initially filed a lawsuit against MineOne in March 2023, accusing them of acting like adversaries and taking over mining projects. The startup had negotiated a contract with MineOne for up to 75 megawatts of power, promising to create 20 well-paid jobs in Cheyenne.
The White House has now banned the operation of a MineOne farm in Wyoming due to its proximity to the Francis E. Warren Air Force Base, which houses intercontinental missiles. The purchase of the property was deemed illegal, and MineOne has been given 120 days to sell the land and 90 days to vacate it. The mining farm, operated by Chinese nationals using foreign computer equipment, is suspected of espionage for China.
Bison Blockchain has expanded its lawsuit to include Bitmain, accusing them of being behind the takeover of the farms by a Chinese conglomerate. MineOne operates several farms in the USA with a total of 350 petahash, which is roughly a thousandth of the entire network. The mining farm is less than a mile from the US Air Force base, raising further security concerns.
The White House's ban on MineOne's Wyoming farm and Bison Blockchain's expanded lawsuit against MineOne and Bitmain highlight the growing concerns around foreign influence and security in the cryptocurrency mining industry. The situation is ongoing, with MineOne given a deadline to sell its land and vacate the premises.
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