Does Crypto-Mining Have a Future in New York? And What is Crypto-Mining?

A bill passed in New York would impose a two-year ban on new crypto-mining permits at fossil-fuel burning plants. It's not clear whether Lt. Gov. Hochul will sign the bill, but the deep-pocketed crypto industry is expected to spend heavily to persuade her not to. Her campaign has already received $40,000 from the chief executive of a company with a mining operation at a former aluminum plant in Massena, N.Y., northeast of Niagara Falls. FTX, a major cryptocurrency exchange, is spending roughly $1 million through a super PAC on television and digital ads supporting Delgado’s campaign, according to state filings. The PAC is focused on candidates it believed would back pandemic-readiness measures. Source