List of Flash News about New York Bitcoin miners tax
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2025-10-03 00:00 |
New York Bill Seeks Tax on Bitcoin (BTC) Miners Over Electricity Use: Regulatory Headwinds for Mining Operations
According to the source, New York lawmakers are advancing a bill to tax Bitcoin miners on the grounds that their electricity use raises residential power bills (source: public social media post dated Oct 3, 2025). The post does not specify tax rates, bill number, or an implementation timeline, limiting visibility for cost modeling and near-term exposure analysis (source: public social media post dated Oct 3, 2025). New York previously enacted a two-year moratorium on certain proof-of-work mining at fossil fuel plants in 2022, underscoring persistent state-level policy risk for BTC mining operations (source: New York State Bill S6486D, enacted Nov 2022). |