Well this could be good news for other miners. The article says 12 mines scatter in the USA are owned by Chinese nationals.
I do not know their size but if they are large and they are shut down we could get a 10-20% drop in hash rate.
They moved from China to USA due to ban in China. They will relocate to some other country in case USA also ban them.
Kazakhstan is also an ideal destination for miners from China.
Duh ,
If USA decides they are spies that gear will be frozen for months if not years.
USA can be really shitty when they want to be.
They got Canada to arrest a big shot from Huawei and bring them back to the USA they held her for quite a while.
There were few among 12 mines that are directly linked with Chinese government, while few were not and others could not be easily traced. So not all 12 mines are under threat from USA government.
The point is why those miners who have directly link with Chinese government moved to USA? There are other places where they could have gone.
Meng Wanzhou (huawaii ceo daughter) was lucky to find her way back to China. Not forget China arrested two Canadians in retaliation to her arrest and released them only after she got freed.
This law was enforced on April 2023 and its probably after government realised that there is huge increase in mining by miners that moved out of China after 2022.