AntPool mines 7 consecutive blocks, ‘centralization trend’ continues

AntPool was founded in 2013 by Bitmain Technologies, a prominent manufacturer of mining hardware.

It’s based in Beijing.

National security concerns over crypto mining

The U.S. government has instructed a Chinese-backed cryptocurrency mining company to halt the construction of a mine in Wyoming.

According to a May 13 order signed by President Joe Biden, MineOne Cloud Computing Investment and its partners are mandated to sell off the property adjacent to the Francis E. Warren Air Force Base in Cheyenne, Wyoming.

MineOne Partners Ltd. is a Chinese-backed cryptocurrency mining company that planned to acquire land near the Francis E. Warren Air Force Base in Cheyenne, Wyoming

The order, issued in collaboration with the U.S. Committee on Foreign Investment in the United States (CFIUS), aims to address concerns surrounding potential risks associated with foreign ownership of land adjacent to sensitive military installations, particularly in proximity to a nuclear missile base like Warren AFB.

The executive order mandates the divestment of MineOne’s crypto mining facility and the removal of Chinese-owned equipment from the site within specific timelines to ensure compliance and mitigate risks.

In other reports,  regulators in Norway have proposed new legislation aimed at tightening regulations on cryptocurrency mining activities conducted by data centers operating within the country.

The new law, aimed at regulating data centers, is poised to become a pioneering framework in Europe, requiring comprehensive registration of data center operators and disclosure of services offered.

The Norwegian government, led by Digitalization Minister Karianne Tung and Energy Minister Terje Aasland, emphasizes the need to curb projects deemed undesirable, particularly singling out cryptocurrency mining due to its substantial greenhouse gas emissions.

Energy Minister Terje Aasland explicitly stated that Norway does not welcome businesses seeking to exploit the country’s energy resources cheaply, aligning with the nation’s environmental goals.