New York imposed a statewide pause of up to one year on new data center projects requiring 50 megawatts or more of power while regulators prepare a Generic Environmental Impact Statement covering electricity demand, water use, air quality and other impacts. Governor Kathy Hochul’s order exempts already permitted projects and is paired with efforts to make large data centers pay more for power or supply their own and to seek removal of sales tax exemptions. President Donald Trump criticized the move, saying Hochul halted data centers being built or planned in the state for political reasons and that investment is shifting to states including Alabama, Florida, Texas and Arizona. TeraWulf said its New York projects, including Lake Mariner and Lake Hawkeye, are unaffected, though its shares fell 7.08% to $19.41 after the announcement.