US Concerned Over Security Risks of Chinese Bitcoin Mining Near Sensitive Sites
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Chinese bitcoin mining operations found near sensitive US sites like military bases, raising security concerns.
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US worried about potential Chinese surveillance and intelligence gathering through these mining facilities.
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Also concerns about risks to US energy infrastructure from bitcoin mining's high energy use.
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China banned mining in 2021 but it shifted to US; US sees security issues while China eyed regulating capital flows.
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US worries China could manipulate bitcoin prices, facilitate money laundering, or exploit local governments eager for investment.