BlackRock’s Larry Fink warns data center moratorium could trigger recession
Photo: Crypto Briefing
The world's largest asset manager is sounding the alarm as New York pauses permits for big data centers and local bans spread across the US Larry Fink has a new item on his worry list. The BlackRock CEO warned that a moratorium on data center construction could cause a recession, according to CNBC. The warning lands just after New York enacted a one-year moratorium on environmental permits for large data centers, defined as facilities drawing 50 MW or more. The state announced the pause around July 15-16, 2026, making it the first statewide action of its kind in the US.
Source: Crypto Briefing
