Chinese Bitcoin mining manufacturer Bitmain Technologies Ltd. has reportedly been at the center of a months-long federal investigation in the US over concerns that its products could pose risks to America’s national security.

Chinese Bitcoin Mining Giant Faces US Scrutiny

On Friday, Bloomberg reported that Bitmain, the global leader in Bitcoin mining hardware production, has been under investigation by the US Department of Homeland Security (DHS) for several months due to national security concerns.

According to a US official and six other people familiar with the matter, the investigation, allegedly known as “Operation Red Sunset,” was launched to assess whether Bitmain’s Bitcoin mining hardware could be “remotely controlled for spying or to sabotage the American power grid.”

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