17 sats \ 1 reply \ @Arceris 15 May
Not mentioned in the TFTC article, the site must be totally returned to an unimproved lot:
(c) Not later than 90 calendar days after the date of this order, unless such date is extended by CFIUS, subject to such conditions on an extension as CFIUS determines are necessary and appropriate to protect the national security of the United States, the Purchasers, whether directly or indirectly, shall: (i) remove from the Real Estate all items, structures, or other physical objects or installations of any kind (the “Equipment”) that the Purchasers, their Affiliates, or persons acting on their behalf, have stockpiled, stored, deposited, installed, or affixed (the “Equipment Removal”), and certify in writing that such Equipment Removal has been completed; and (ii) remove from the Real Estate all (A) utility and other improvements on or adjacent and connected to the Real Estate; (B) excavation, repair, or new construction on the Real Estate underground; and (C) repair, improvement, or new construction on the Real Estate above ground (collectively, (A) through (C), the “Improvements”) commenced, continued, or completed by the Purchasers or their Affiliates after the closing of the Transaction (the “Improvements Removal”), and certify in writing that such Improvements Removal has been completed. CFIUS is authorized to require inspection of the Real Estate, at no expense to CFIUS, on terms it deems appropriate to ensure that each of the Equipment Removal and Improvements Removal is complete and verified.
If someone were to want to buy the site and use it as a bitcoin facility (given the power company already dropped a big service line to it), they wouldn't be able to, unless the Administration backs off part (c) there.
It seems that they're doing this draconian push here because it's a Bitcoin mine, and President Warren (whoops, Biden) wants to make it impossible to repurpose the site for an American company.
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thks for the information
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