The United States has launched an investigation into Bitcoin mining giant Bitmain.

Odaily Planet Daily reports that the United States has launched an investigation into Chinese Bitcoin mining giant Bitmain due to national security concerns. Operation Red Sunset, led by the U.S. Department of Homeland Security, is reportedly investigating whether Bitmain's mining rigs could be used for espionage or power grid sabotage in the United States. Bitmain denies possessing any remote control capabilities and stated that it was completely unaware of the investigation, calling the allegations "completely false." (The Block)