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 —448 actions across 47 states, sourced from public records. For the full interactive map and time-lapse, see the data center moratoriums tracker.
Michigan71 actionsOhio37 actions · 4 operatorsNorth Carolina31 actions · 3 operatorsGeorgia25 actions · 3 operatorsVirginia23 actionsKentucky15 actions · 5 operatorsMinnesota15 actionsTennessee14 actions · 3 operatorsIndiana13 actionsWisconsin13 actionsNew York12 actions · 5 operatorsMaryland11 actions · 1 operatorFlorida11 actionsIllinois11 actionsNew Jersey10 actions · 1 operatorIowa9 actions · 3 operatorsOklahoma9 actions · 3 operatorsMissouri9 actions · 1 operatorCalifornia9 actionsAlabama8 actions · 3 operatorsKansas8 actions · 1 operatorTexas7 actions · 13 operatorsMaine7 actionsNebraska6 actions · 1 operatorColorado6 actionsWashington5 actions · 2 operatorsArizona5 actionsNorth Dakota4 actions · 3 operatorsPennsylvania4 actions · 3 operatorsSouth Dakota4 actions · 2 operatorsArkansas4 actionsMassachusetts4 actionsSouth Carolina4 actionsUtah4 actionsVermont3 actionsDelaware2 actionsIdaho2 actionsNevada2 actionsNew Mexico2 actionsOregon2 actionsMississippi1 action · 2 operatorsLouisiana1 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.