President Biden Takes Action to Safeguard National Security Near Warren AFB
In a move to protect critical assets near Francis E. Warren Air Force Base (Warren AFB) in Cheyenne, Wyoming, President Joe Biden has issued an order prohibiting the acquisition of certain real property by MineOne Cloud Computing Investment I L.P. The order, based on findings that MineOne Partners Limited, a British Virgin Islands company majority owned by Chinese nationals, planned to acquire real estate within one mile of Warren AFB, aims to address potential national security risks.
The real estate in question, Lot 1, Block 10 North Range Business Park 3rd Filing, was acquired by MineOne in June 2022 for specialized cryptocurrency mining operations. Concerns arose regarding surveillance and espionage activities facilitated by foreign-sourced equipment, prompting the Committee on Foreign Investment in the United States (CFIUS) to intervene after a public tip.
President Biden’s order requires MineOne and its affiliates to divest all legal and beneficial ownership interests in the real estate within 120 days. Additionally, they must remove all equipment and improvements related to their operations on the property within 90 days, subject to verification by CFIUS. Any attempt to evade or circumvent this order is strictly prohibited, with the Attorney General authorized to enforce compliance.
MineOne and its affiliates are obligated to cooperate fully with CFIUS, providing regular updates on compliance efforts and timelines for completing divestment and removal actions. Failure to adhere to these requirements may result in further enforcement measures and penalties.
This decisive action by President Biden underscores the importance of safeguarding national security interests, particularly in sensitive areas near military installations like Warren AFB. Stay tuned for updates on this developing story as MineOne and its affiliates navigate the requirements set forth by the order.
