U.S. Authorities Investigate Bitmain Products as National Security Risks, Trump-Related Company Purchases 16,000 Units

Bitmain, a leading Chinese manufacturer that supplies the majority of the world's Bitcoin (BTC) mining equipment, has been under federal investigation for several months due to concerns over national security risks, as reported by Bloomberg on the 21st.

Equipment from Beijing-based Bitmain Technologies was used near military bases, raising 'serious national security concerns' during last year's federal review. A July report by the Senate Intelligence Committee indicated that the company's devices could be controlled from China, introducing 'several concerning vulnerabilities' to the U.S...