New York is considering legislation that would impose a two-year moratorium on new cryptocurrency mining operations at fossil fuel-burning power plants. The bill, which has passed the state Assembly, aims to pause the environmental review of these specific data centers to assess their impact on the state's climate goals. This move follows similar actions in …
New York is considering legislation that would impose a two-year moratorium on new cryptocurrency mining operations at fossil fuel-burning power plants. The bill, which has passed the state Assembly, aims to pause the environmental review of these specific data centers to assess their impact on the state’s climate goals. This move follows similar actions in other regions concerned about the energy-intensive nature of crypto mining and its carbon footprint. The proposed pause would not affect existing facilities or data centers powered by renewable energy. Proponents argue it is necessary to ensure the state meets its emissions targets, while opponents, including industry groups, warn it could stifle economic investment and technological innovation. The bill now awaits further action in the state Senate. Read the full article at: https://www.wired.com/story/new-york-is-the-latest-state-to-consider-a-data-center-pause/
Join the Club
Like this story? You’ll love our Bi-Weekly Newsletter



