THE BLOCK: TeraWulf (\u0022$WULF\u0022) drops 7% as New York enacts one-year moratorium on new large-scale data centers

New York's governor signed a one-year pause on new large-scale data centers, prompting a 7% drop in TeraWulf. While management states the Lake Mariner facility remains operational and Lake Hawkeye development is unaffected, the policy signals heightened permitting and expansion risk for power-intensive infrastructure. This can pressure near-term sentiment toward publicly listed crypto miners with exposure to New York and similar regulatory regimes.