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New York State enacts one-year moratorium on new data center permits
New York has become the first state to temporarily halt approvals for large data centers, with Governor Kathy Hochul signing a statewide moratorium on new environmental permits for up to a year. This policy decision has already impacted companies like TeraWulf, whose stock fell 7% following the announcement, and is expected to affect both crypto mining and AI infrastructure development in the state.