The post Beijing-based BTC mining hardware firm under investigation appeared on BitcoinEthereumNews.com. Bitmain Technologies, a Beijing-based crypto mining rig firm, is under investigation over potential surveillance in the U.S. Summary U.S. Federal agencies have launched an investigation into China-based Bitmain The investigation will look into whether its mining rigs can be used for espionage DHS is concerned about Bitmain’s machines operating near critical U.S. infrastructure Despite a pro-crypto regulatory shift in the U.S., a mining hardware provider has found itself under investigation for national security risks. On Friday, November 21, reports came out that U.S. Federal agencies are investigating Bitmain Technologies over concerns of potential espionage. Namely, the Department of Homeland Security, the Senate Intelligence Committee, and other agencies are investigating whether Bitmain’s ASIC devices have undisclosed capabilities that could allow remote access, data leakage, or sabotage. Reportedly, U.S. officials became concerned about the clusters of Bitmain Bitcoin (BTC) mining machines operating near sensitive infrastructure. This includes power grids, military bases, energy facilities and other crucial infrastructure. Bitmain devices seized at ports, torn apart In July, a report from the Senate Intelligence Committee stated that Bitmain devices could be manipulated from China. The report also mentioned “several disturbing vulnerabilities” that these devices pose to the U.S. Bitmain was also a target of “Operation Red Sunset,” a federal investigation to determine whether its machines could be controlled for spying or sabotage. The devices were also seized at U.S. ports and pulled apart to test them for malicious capabilities. Still, investigators would not say whether anything was found. Bitmain said it’s “unequivocally false” that it can remotely control its devices from China. They also claim they are not aware of any investigation, including “Operation Red Sunset.” Chinese surveillance has been a significant concern for U.S. officials for years. Notably, U.S. officials targeted TikTok, banning the app on government devices in 2022. In 2024, President… The post Beijing-based BTC mining hardware firm under investigation appeared on BitcoinEthereumNews.com. Bitmain Technologies, a Beijing-based crypto mining rig firm, is under investigation over potential surveillance in the U.S. Summary U.S. Federal agencies have launched an investigation into China-based Bitmain The investigation will look into whether its mining rigs can be used for espionage DHS is concerned about Bitmain’s machines operating near critical U.S. infrastructure Despite a pro-crypto regulatory shift in the U.S., a mining hardware provider has found itself under investigation for national security risks. On Friday, November 21, reports came out that U.S. Federal agencies are investigating Bitmain Technologies over concerns of potential espionage. Namely, the Department of Homeland Security, the Senate Intelligence Committee, and other agencies are investigating whether Bitmain’s ASIC devices have undisclosed capabilities that could allow remote access, data leakage, or sabotage. Reportedly, U.S. officials became concerned about the clusters of Bitmain Bitcoin (BTC) mining machines operating near sensitive infrastructure. This includes power grids, military bases, energy facilities and other crucial infrastructure. Bitmain devices seized at ports, torn apart In July, a report from the Senate Intelligence Committee stated that Bitmain devices could be manipulated from China. The report also mentioned “several disturbing vulnerabilities” that these devices pose to the U.S. Bitmain was also a target of “Operation Red Sunset,” a federal investigation to determine whether its machines could be controlled for spying or sabotage. The devices were also seized at U.S. ports and pulled apart to test them for malicious capabilities. Still, investigators would not say whether anything was found. Bitmain said it’s “unequivocally false” that it can remotely control its devices from China. They also claim they are not aware of any investigation, including “Operation Red Sunset.” Chinese surveillance has been a significant concern for U.S. officials for years. Notably, U.S. officials targeted TikTok, banning the app on government devices in 2022. In 2024, President…

Beijing-based BTC mining hardware firm under investigation

Bitmain Technologies, a Beijing-based crypto mining rig firm, is under investigation over potential surveillance in the U.S.

Summary

  • U.S. Federal agencies have launched an investigation into China-based Bitmain
  • The investigation will look into whether its mining rigs can be used for espionage
  • DHS is concerned about Bitmain’s machines operating near critical U.S. infrastructure

Despite a pro-crypto regulatory shift in the U.S., a mining hardware provider has found itself under investigation for national security risks. On Friday, November 21, reports came out that U.S. Federal agencies are investigating Bitmain Technologies over concerns of potential espionage.

Namely, the Department of Homeland Security, the Senate Intelligence Committee, and other agencies are investigating whether Bitmain’s ASIC devices have undisclosed capabilities that could allow remote access, data leakage, or sabotage.

Reportedly, U.S. officials became concerned about the clusters of Bitmain Bitcoin (BTC) mining machines operating near sensitive infrastructure. This includes power grids, military bases, energy facilities and other crucial infrastructure.

Bitmain devices seized at ports, torn apart

In July, a report from the Senate Intelligence Committee stated that Bitmain devices could be manipulated from China. The report also mentioned “several disturbing vulnerabilities” that these devices pose to the U.S.

Bitmain was also a target of “Operation Red Sunset,” a federal investigation to determine whether its machines could be controlled for spying or sabotage. The devices were also seized at U.S. ports and pulled apart to test them for malicious capabilities. Still, investigators would not say whether anything was found.

Bitmain said it’s “unequivocally false” that it can remotely control its devices from China. They also claim they are not aware of any investigation, including “Operation Red Sunset.”

Chinese surveillance has been a significant concern for U.S. officials for years. Notably, U.S. officials targeted TikTok, banning the app on government devices in 2022. In 2024, President Joe Biden signed a law that would force TikTok to sell its U.S. business or face a nationwide ban.

Source: https://crypto.news/beijing-btc-mining-hardware-firm-under-investigation/

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$95.200,16
$95.200,16$95.200,16
-%0,39
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15
BlackRock Increases U.S. Stock Exposure Amid AI Surge

BlackRock Increases U.S. Stock Exposure Amid AI Surge

The post BlackRock Increases U.S. Stock Exposure Amid AI Surge appeared on BitcoinEthereumNews.com. Key Points: BlackRock significantly increased U.S. stock exposure. AI sector driven gains boost S&P 500 to historic highs. Shift may set a precedent for other major asset managers. BlackRock, the largest asset manager, significantly increased U.S. stock and AI sector exposure, adjusting its $185 billion investment portfolios, according to a recent investment outlook report.. This strategic shift signals strong confidence in U.S. market growth, driven by AI and anticipated Federal Reserve moves, influencing significant fund flows into BlackRock’s ETFs. The reallocation increases U.S. stocks by 2% while reducing holdings in international developed markets. BlackRock’s move reflects confidence in the U.S. stock market’s trajectory, driven by robust earnings and the anticipation of Federal Reserve rate cuts. As a result, billions of dollars have flowed into BlackRock’s ETFs following the portfolio adjustment. “Our increased allocation to U.S. stocks, particularly in the AI sector, is a testament to our confidence in the growth potential of these technologies.” — Larry Fink, CEO, BlackRock The financial markets have responded favorably to this adjustment. The S&P 500 Index recently reached a historic high this year, supported by AI-driven investment enthusiasm. BlackRock’s decision aligns with widespread market speculation on the Federal Reserve’s next moves, further amplifying investor interest and confidence. AI Surge Propels S&P 500 to Historic Highs At no other time in history has the S&P 500 seen such dramatic gains driven by a single sector as the recent surge spurred by AI investments in 2023. Experts suggest that the strategic increase in U.S. stock exposure by BlackRock may set a precedent for other major asset managers. Historically, shifts of this magnitude have influenced broader market behaviors as others follow suit. Market analysts point to the favorable economic environment and technological advancements that are propelling the AI sector’s momentum. The continued growth of AI technologies is…
Share
BitcoinEthereumNews2025/09/18 02:49
FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month

FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month

The third wave of payments will occur on September 30.
Share
Coinstats2025/09/20 06:01