New York's regulatory landscape is tightening around energy-intensive operations. The state is considering additional taxation on power consumption for AI and data center facilities, putting pressure on operators' margins. This move reflects growing scrutiny over energy grid strain in regions hosting large-scale computing infrastructure. For crypto mining and decentralized computing platforms, energy costs are already a critical factor in operational viability—new tax burdens could reshape where infrastructure gets deployed. Worth monitoring how this plays out in other major data hub states.