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Beware of TeraWulf: We Believe the Company is a Charade to Enrich Insiders at the Cost of Investors and Backed by Notorious Pump and Dump Artists – Grizzly Research LLC
This investigative report by Grizzly Research examines TeraWulf (WULF), a Bitcoin mining company operating large-scale computing facilities in Western New York and Central Pennsylvania, alleging that insiders have siphoned over $100 million through related-party transactions with CEO-controlled entities. The report details connections between TeraWulf's largest shareholders and individuals charged by the SEC in pump-and-dump schemes,…
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Protecting Ratepayers Act (H.R.9777)
Requires data centers to only use energy and water from their own sources, not from the public grid / water system. Enacts as law the White House’s voluntary “Ratepayer Protection Pledge,” in which companies commit to covering all costs resulting from their energy usage.
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How Will Data Center Growth Impact California Ratepayers?
In California, billions in planned transmission upgrades to serve data centers risk becoming stranded assets whose costs fall on residential and small-business ratepayers. Breaks down how speculative interconnection requests inflate grid forecasts and how current rate structures let developers shift infrastructure expenses onto existing customers.
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Virginia Tax Revenue Losses to Data Centers Soar to $1.6 Billion for FY25
Virginia's data center tax exemptions cost $1.6 billion in foregone sales and use tax revenue for FY2025 — up 118 percent from the prior year. Illinois stops disclosing its own data center subsidy losses. A Georgia fiscal analysis finds 70 percent of projects there would have happened without tax breaks, with annual losses projected to…
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Fair Allocation of Infrastructure Responsibility (FAIR) for Data Act (H.R.9655, US)
Prohibits private, State-regulated electric utilities from recovering any costs resulting from data centers from residential and small business customers. Requires State regulatory agencies,, in order to receive some Federal funding, to certify that (1) residential and small business customers are not covering any grid upgrades due to data centers and (2) that data centers that…
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Data Center Power Usage
In 2023, data centers consumed 4.4 percent of total U.S. electricity — estimates put that share at 6 to 12 percent by 2028. PennFuture attorney Emma Bast breaks down how generative AI drives demand at every stage, from model training through token generation. A single ChatGPT conversation uses as much electricity as charging a phone.
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Five Concerns About AI Data Centers, and What to Do About Them
Five recurring claims about AI data centers — excessive electricity use, grid crowding, rising household bills, reliability threats and water strain — each stem from different root causes. This Center for Data Innovation report examines the evidence behind each concern, distinguishing physical grid stresses from market-design and pricing-structure effects.
Exposing AI Data Center Threats and Harms