Published Jul 16, 2026, 6:35 AM ET · Updated 4 months ago · 1 source
THE BLOCK: President Trump urged New York to reverse its one-year moratorium on new large data center permits, calling them "money machines" and saying the policy should be changed "IMMEDIATELY." TeraWulf fell 7% after the order, though the bitcoin miner-turned-AI infrastructure firm said its New York operations and development plans remain unaffected.
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Original Report
THE BLOCK: President Trump urged New York to reverse its one-year moratorium on new large data center permits, calling them "money machines" and saying the policy should be changed "IMMEDIATELY." TeraWulf fell 7% after the order, though the bitcoin miner-turned-AI infrastructure firm said its New York operations and development plans remain unaffected.