It is not at all clear that domestic US public crypto-miner CleanSpark can evade this executive order we detailed, however -- as by the order's terms, it requires moving the rigs more than a mile away from the perimeter fence of Warren AFB, in rural Wyoming. That stipulation was not conditional in any manner, on ending the Chinese ownership here -- and in any event, the rigs could already be embedded with various sorts of hardware, firmware or software "backdoors", to continue whatever action the Chinese nationals had in mind, at the site.
So -- I suspect there are really only two choices: one -- replace all existing rigs with new, off the shelf equipment. . . or two, move the facility the required mile. Otherwise, CleanSpark has the right, under Section 3(a)(ii) of the contract, to declare the good title / quiet enjoyment warranties breached -- and walk away. Then sue, for damages -- for loss of bargain.
In any event, here's the SEC Form 8-K exhibit, a full real estate purchase agreement listing a Chinese national as the party executing on behalf of MineOne.
Fascinating. We will keep the readership posted -- as ever.
Onward.
नमस्ते
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