U.S. Government Investigates Chinese Bitcoin Mining Giant Over Security Fears

The U.S. government is conducting a secret investigation, code-named "Operation Red Sunset," into Bitmain, the Chinese company controlling over 80% of the global Bitcoin mining equipment market, due to fears its hardware could be used for spying or attacking U.S. infrastructure. Federal agents are inspecting machines at U.S. ports for hidden dangers, following warnings from the Senate Intelligence Committee about vulnerabilities in Bitmain devices. This probe spans both the Biden and Trump administrations, highlighting bipartisan concern. The investigation is complicated by a major purchase of Bitmain machines by a company backed by Eric and Donald Trump Jr. Furthermore, a related Chinese company, Sophgo Technologies, was recently blacklisted for aiding Huawei. In response to growing pressure and tariffs, Bitmain and other Chinese manufacturers are planning to build U.S. factories, signaling a potential shift in the industry away from Chinese dominance.

(Source：Brave New Coin)