Based on Cointribune, the U.S. Department of Homeland Security is investigating Bitmain, the Chinese leader in Bitcoin mining chips, over potential national security risks. The probe, part of 'Operation Red Sunset,' examines whether Bitmain's equipment could be used for espionage or sabotage. Bitmain denies any wrongdoing and claims compliance with U.S. laws. The investigation could disrupt the mining industry, as Chinese firms control 97% of the ASIC market. American Bitcoin, a Trump-backed company, recently acquired 16,000 Bitmain machines. A potential ban on Chinese ASICs could increase costs and weaken U.S. miners' competitiveness.
U.S. Investigates Bitmain Over Espionage Risks, Threatens Bitcoin Mining Ecosystem
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