The New York State Legislature passed a bill imposing a one-year moratorium on new permits for large data centers. This legislation aims to study the environmental and energy grid impacts of power-intensive facilities. Governor Kathy Hochul has not yet indicated if she will sign the bill into law.
TeraWulf faces significant uncertainty regarding its Lake Mariner data center campus expansion in New York. The company is currently increasing capacity for artificial intelligence and high-performance computing.
The legislation does not affect existing operations. However, permitting delays could stall growth projects central to TeraWulf’s strategy.