The Greenidge Generation bitcoin mining facility is in a former coal plant by Seneca Lake in Dresden, New York, on Monday, November 29, 2021. (AP Photo/Ted Shaffrey) | AP Photo/Ted Shaffrey
By Marie J. French
06/30/2022 03:00 PM EDT
ALBANY, N.Y. — Gov. Kathy Hochul’s administration on Thursday denied a key permit for a gas powered cryptocurrency mining operation in the Finger Lakes, saying the facility spews too much planet-warming pollution to be allowed under the state’s climate law.
The decision by the state Department of Environmental Conservation on the Greenidge gas plant is the latest step in New York to curb the pollution from cryptocurrency mining facilities that have started to proliferate across upstate New York for the growing industry.
“We are applying a new law to a new operation which had significant increases in emissions — almost tripling emissions,” DEC Commissioner Basil Seggos told POLITICO in an interview Thursday. “The company itself was unable to demonstrate...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...