Clean Cloud Act of 2025

The Clean Cloud Act of 2025 (HR6179) was introduced in the House of Representatives on November 20, 2025, and subsequently referred to the House Committee on Energy and Commerce. This bill aims to amend the Clean Air Act by establishing emissions standards and a fee system for electricity consumed by data centers and cryptomining facilities with an installed information technology nameplate power exceeding 100 kilowatts. The legislation mandates EPA oversight and directs collected fees towards zero-carbon energy initiatives and grants to lower residential electricity costs. As of 2026-04-07, the bill remains in the early stages of the legislative process, having only been referred to committee. While the bill does not specify an explicit funding amount, it establishes a mechanism for collecting fees from covered facilities. These fees would then be appropriated for various environmental and energy initiatives. This represents a new regulatory burden and a direct financial disincentive for high-emission electricity use within the targeted sectors. The bill's findings highlight concerns over the increasing electricity demand from data centers and cryptomining, noting that retired fossil fuel plants are being reactivated to power these operations, contributing to carbon emissions. Structural losers under this proposed legislation include cryptocurrency mining companies such as MARA Holdings, Inc. ($MARA), Riot Platforms, Inc. ($RIOT), Hut 8 Corp. ($HUT), CleanSpark, Inc. ($CLSK), and Keel Infrastructure Corp. ($BITF), due to their energy-intensive proof-of-work operations. Large data center operators, including those supporting cloud services provided by companies like Alphabet Inc. ($GOOGL) and Amazon.com, Inc. ($AMZN), could also face increased operational costs. Semiconductor manufacturers like NVIDIA Corporation ($NVDA) and Advanced Micro Devices, Inc. ($AMD), and server providers like Super Micro Computer, Inc. ($SMCI), could see indirect impacts if their customers' operational costs rise, potentially affecting demand for new hardware. Recent market data shows mixed performance for these companies. Over the past 7 days, $MARA is up +2.45%, $RIOT is up +9.63%, $HUT is up +4.63%, $CLSK is up +1.06%, and $BITF is up +17.39%. Over the past 30 days, $MARA is up +4.37%, $RIOT is down -4.31%, $HUT is up +4.27%, $CLSK is down -6.62%, and $BITF is down -2.7%. These movements reflect broader market dynamics and company-specific news, as the bill is still in its early committee stage and its potential impact is not yet fully priced in. For the technology giants, $NVDA is up +0.22% (7-day) and down -1.7% (30-day), $AMD is up +7.33% (7-day) and up +13.47% (30-day), $SMCI is down -3.25% (7-day) and down -29.64% (30-day), $GOOGL is up +4.31% (7-day) and up +0.48% (30-day), and $AMZN is up +1.04% (7-day) and down -1.3% (30-day). For the bill to advance, it must pass through the House Committee on Energy and Commerce, then potentially undergo a floor vote in the House. Following House passage, it would need to be considered and passed by the Senate, where an identical companion bill (S1475) has already been introduced and referred to the Committee on Environment and Public Works. If both chambers pass the bill, it would then proceed to the President for signature. Given its early stage and the need for passage in both chambers, the legislative timeline is uncertain, and significant changes or delays are possible.