The U.S. Senate proposes to impose emissions fees on high-energy-consuming data centers, which may affect Bitcoin mining companies

Odaily Planet Daily News US Senate Democrats proposed a draft of the Clean Cloud Act, which intends to impose fees on data centers that support blockchain networks and artificial intelligence models that exceed federal emission targets. The bill requires the US Environmental Protection Agency to establish emission standards for data centers and crypto mining facilities with an installed IT nameplate power of more than 100 KW, with the goal of reducing emissions by 11% per year. Emissions exceeding the limit will be fined $20 per ton of carbon dioxide equivalent, and the amount will increase by $10 per year with inflation. It is worth noting that Bitcoin mining companies including Galaxy, CoreScientific and Terawulf are gradually turning to providing high-performance computing (HPC) computing power for artificial intelligence models. The bill has not yet been passed by the Senate. (Bloomberg)