Crypto mining operations—which are far more entrepreneurial than their data center cousins, with far less ESG sensitivity—may be facing a reckoning over their carbon footprints.
On June 3, New York's legislature passed the first statewide moratorium on new cryptocurrency mining, aiming the pause at energy-intensive operations that are powered by fossil fuels.
The two-year moratorium, which still needs Gov. Kathy Hochul's signature to go into effect, is aimed at crypto mining operations that generate their own power instead of drawing from the state's supply.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
