New York State Slings Arrow At Bitcoin Mining

New York State’s Division of Environmental Conservation dealt another blow to the upstate Greenidge Producing Facility, which produces electrical energy for the facility grid and in addition mines bitcoin.

Greenidge acknowledged that the choice, introduced on Thursday, to disclaim them a brand new “Title V” Air Emissions allow will “not have any affect on our present operations.”

The agency, positioned in New York’s Finger Lakes area, stated it would proceed to function its pure gas-fired plant because it appeals DEC’s resolution. In a press release, the corporate stated “We are able to proceed operating uninterrupted below our current Title V air allow, which remains to be in impact, for so long as it takes to efficiently problem this arbitrary and capricious resolution.” The corporate acknowledged its intention to pursue authorized actions if their enchantment shouldn’t be profitable.