On Monday, President Joe Biden signed a directive to prevent a Chinese-supported cryptocurrency mining company from possessing land near a nuclear missile base in Wyoming, citing concerns about national security due to its close proximity to the base.

An order has been issued to require the selling off of a property that was being used as a facility for mining cryptocurrency near the Francis E. Warren Air Force Base. MineOne Partners Ltd., a company with some investment from Chinese individuals, must also take out specific equipment from the location, although it is unclear why the entire site is not being removed.

On Monday, the decision to divest was made in collaboration with the U.S. Committee on Foreign Investment in the United States. This committee, which many may not be familiar with, is responsible for reviewing corporate transactions to ensure they do not pose any national security risks. It has the authority to require companies to alter their ownership arrangements or to completely divest from the U.S.