New York becomes first state to ban crypto mining powered by fossil fuel plants

New York Gov. Kathy Hochul signed legislation Nov. 22 banning new crypto mining operations in the state that are powered by fossil-fuel generators, making New York the first state to do so. Hochul, who refrained from acting on the bill for nearly six months, said the practice is inconsistent with the state’s environmental- and climate change-related goals. The law bars…

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