Bitcoin miner Greenidge misses out on New York emissions permit

Last Updated: 11 July 2022

The Department of Environmental Conservation of the US state of New York is again harassing a bitcoin miner. This time it is the Greenidge Generating Facility, which both produces electricity and operates a bitcoin mining farm.

Permit denied

Greenidge states that a permit has been refused by the authorities. It concerns a new air emission permit called “Title V.” Furthermore, according to the company, the decision “will not have any impact on our current operations.”

According to extensive reporting, it was the renewal of a previously granted license, with Greenidge wanting a few minor changes in terms of monitoring emissions.

“The facility is a primarily natural gas-fired power plant, with a generating capacity of approximately 107 megawatts (MW) with a maximum heat input limited to 1.117 million BTUs per hour.”

The licence had been issued on September 7, 2016 and expired on September 6 last year. While the extension was “under consideration,” Greenidge was allowed to continue operating under the existing permit. Over the past year, 3,000 comments were received on the matter.

On appeal

The company is based in the Finger Lakes region of New York. It operates a power plant here that runs on natural gas. They are appealing the decision of DEC. In a statement, the company said:

“We can continue to operate uninterrupted under our existing Title V air permit, which is still in effect, for as long as it takes to successfully challenge this arbitrary and capricious decision.”

“We believe there is no credible legal basis for denying this application because there is no actual threat to the state’s Climate Leadership and Community Protection Act (CLCPA) from our renewed permit.”

The company will take legal action if the appeal is unsuccessful.

A ‘war on mining’ is underway in New York. While New York City Mayor Adams is known to be pro-bitcoin, the state has launched an attack on energy-guzzling mining farms. Strict policies are driving the companies away.

  • Ivan Brightly

    Ivan Brightly is a leading cryptocurrency analyst and author with over 5 years of experience in the blockchain and digital asset space. He previously served as a senior analyst at a major cryptocurrency hedge fund where he led quantitative research and trading strategy development.

    Ivan holds a Master's degree in Finance from the London School of Economics and a Bachelor's in Computer Science from Stanford University. He is frequently invited to speak at fintech and blockchain conferences worldwide on topics spanning cryptocurrency trading, blockchain technology, and the future of digital assets.

    Ivan's commentary has been featured in several major finance and technology publications including Forbes, Bloomberg, and CoinDesk. He is considered one of the most insightful voices analyzing new developments in the cryptocurrency and blockchain industry.

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