Closed for Business: NY Bans Crypto Mining that Uses Fossil Energy

In April, the New York State Assembly passed Assembly Bill A7389C. In June, the New York State Senate passed the same bill, sending it to Gov. Kathy Hochul’s desk for a signature (see Business-Hostile NY Passes Bill Banning Fossil Fuel Bitcoin Mining). Last week Gov. Hochul signed the bill into law. For the next two years, unless a bitcoin mining company uses 100% renewable energy (absolutely NO fossil fuel energy), it will not be allowed to expand or renew permits, and new miners will not be allowed to come online. Get out of NY while you still can!

To view this content, log into your member account. (Not a member? Join Today!)