Data center political & regulatory risk by state
Which publicly-traded bitcoin miners and neoclouds are exposed to data center siting risk, and where. Each state ties the operators with sites there to the local moratoriums, restrictive-zoning ordinances, and siting actions affecting them —473 actions across 47 states, sourced from public records. For the full interactive map and time-lapse, see the data center moratoriums tracker.
Michigan73 actionsOhio38 actions · 4 operatorsNorth Carolina32 actions · 3 operatorsGeorgia29 actions · 3 operatorsVirginia23 actionsKentucky15 actions · 5 operatorsTennessee15 actions · 3 operatorsMinnesota15 actionsWisconsin14 actionsNew York13 actions · 5 operatorsIndiana13 actionsMaryland12 actions · 1 operatorFlorida12 actionsIllinois11 actions · 1 operatorMissouri10 actions · 1 operatorNew Jersey10 actions · 1 operatorCalifornia10 actionsAlabama9 actions · 3 operatorsIowa9 actions · 3 operatorsOklahoma9 actions · 3 operatorsKansas8 actions · 1 operatorColorado8 actionsMaine8 actionsTexas7 actions · 14 operatorsNebraska7 actions · 1 operatorPennsylvania5 actions · 3 operatorsWashington5 actions · 2 operatorsArizona5 actionsSouth Carolina5 actionsUtah5 actionsNorth Dakota4 actions · 3 operatorsSouth Dakota4 actions · 2 operatorsArkansas4 actionsMassachusetts4 actionsOregon3 actionsVermont3 actionsMississippi2 actions · 2 operatorsDelaware2 actionsIdaho2 actionsNevada2 actionsNew Mexico2 actionsLouisiana1 action · 1 operatorWyoming1 action · 1 operatorAlaska1 actionConnecticut1 actionMontana1 actionRhode Island1 action
Built by an analyst who covered these names — for the desk that trades them
Wells Fargo SecuritiesInvestment Banking AnalystGalaxy DigitalVP of Mining · led mining researchSecond Gate AdvisoryCo-Founder · boutique BTC-mining advisory
Through Second Gate Advisory, advised Bitdeer, Compass Mining, and Sphere 3D. Speaker at The Bitcoin Conference, the MIT Bitcoin Expo, and the Nashville Bitcoin Mining & Energy Summit.