Scrutiny of Chinese involvement in crypto mining in the U.S. is growing despite little evidence it can be directed towards nefarious purposes.
U.S. Vice President JD Vance delivers a keynote address at The Bitcoin Conference in Las Vegas, Nevada, May 28, 2025. Credit: Ethan Miller via Getty Images
American national security hawks, long wary of Chinese technology, have turned their sights towards a new target: bitcoin mining.
Antminer S21, a bitcoin mining computer made by Chinese company Bitmain. Credit: Bitmain
Chinese companies dominate the production of the specialized bitcoin mining computers, capable of performing trillions of calculations per second, day and night. The sector’s three largest firms, two of which are based in China and the third of which was founded there, c
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