BlackRock's Larry Fink: Data Center Moratorium Would Trigger US Recession

BlackRock CEO Larry Fink told CNBC that a data center moratorium would push the US into recession. Over 75 projects worth $130 billion were blocked or delayed in early 2026, and New York imposed a statewide pause on new hyperscale facilities.

• Fink: a data center moratorium would trigger a US recession
• 75+ projects worth $130 billion blocked or delayed in Q1 2026
• New York paused new hyperscale data center construction
• Data center electricity demand grew 17% in 2025