US Senate bill threatens crypto, AI data centers with fees — Report

The US Senate draft legislation pushes for fees on data centers linked to Bitcoin and AI for exceeding emissions limits, targeting 11% annual reductions.

Penalties could start at $20 per ton CO2e and escalate with inflation, potentially hindering the operation of Bitcoin miners who are pivoting to AI services.

The Clean Cloud Act addresses carbon emissions issues, amidst predictions of 2.5 billion metric tons of CO2 from data centers by 2030, reflecting the growing energy demands.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts