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New York’s cryptomining law spotlights industry’s massive energy use, greenhouse gas emissions
The state’s new cryptocurrency law won’t impede either of New York’s two fossil fuel-powered Bitcoin mining operations, but it is expected to shine a light on how severely the industry’s power usage undercuts the state’s ... more
Hochul signs two-year cryptomining moratorium: What does that mean?
Governor Kathy Hochul has signed a first-in-the-nation cryptomining moratorium. It comes less than two weeks after the collapse of FTX, a cryptocurrency exchange that saw a high-profile demise. The moratorium puts a two-year pause on ... more
Greenidge sounds new alarm about financial condition: Says it could run out of cash in March
Greenidge Generation LLC reported a net loss of $23.1 million for the three months ended Sept. 30 and sounded new warnings about its bleak financial condition in a regulatory filing late Monday. “We anticipate that ... more
Local wineries, environmental advocates call for Hochul to act on shutting down Greenidge Generation in Dresden
Local wineries and environmental groups held a press conference two days after Governor Kathy Hochul's gubernatorial victory to ask for action on cryptocurrency mining. They gathered to urge Hochul to sign a cryptocurrency mining moratorium, ... more
DEC declined to provide updated air emissions data from Greenidge before public hearings on air permit
The DEC provided two emailed responses Tuesday to WaterFront’s Sept. 27 FOIL request for Greenidge Generation emissions data. The first message sent at 11:48 a.m. said: “We estimate that DEC will complete its process (of ... more
Greenidge shares plummet after CEO Jeff Kirt abruptly resigns: What’s next?
Shares of Greenidge Generation LLC have plunged nearly 30 percent following the sudden resignation of its CEO late Friday, prompting shareholder message boards to light up with anger, frustration and talk of impending bankruptcy. After ... more
Greenidge CEO Jeff Kirt abruptly resigns as company reels: Canadian forestry exec will be successor
Jeffrey Kirt, Greenidge Generation Holdings LLC’s chief executive officer, abruptly resigned Friday from the Bitcoin mining company that has been reeling from financial losses, environmental controversy and a plummeting stock price. He was replaced Saturday ... more
Greenidge’s warm water discharges heated Seneca Lake beyond state limits, but DEC waiver excuses violations
Massive discharges of warmed water from the Greenidge Generation power plant into Keuka Outlet and Seneca Lake exceeded state water quality standards in all eight temperature surveys conducted between June 2021 and April 2022. Water ... more
Greenidge: What’s next after power plant misses deadline to install fish screens on water intake pipe?
The Greenidge Generation power plant missed its September 30th state deadline to install fish screens on its water intake pipe in Seneca Lake and continues to suck in and kill aquatic life in violation of ... more
Greenidge faces liquidity squeeze after heavy borrowing to buy latest bitcoin mining rigs, stock sinks below $2
Shares of Greenidge Generation Holdings Inc. closed below $2 for the first time Friday, as the debt-laden company mired in environmental controversies faces a potential liquidity crisis. The falling market price of Bitcoin — its ... more
Seneca Lake Guardian hosts environmental education and advocacy event for teens today
Seneca Lake Guardian (SLG) will host environmental education and advocacy training for local students ages 12-18 today. Participating students will meet SLG President Joseph Campbell and Vice President Yvonne Taylor at the Keuka Lake Outlet ... more
Will Greenidge face any consequences for missing October 1 deadline to install screens on water intake pipe?
For more than five years, Greenidge Generation has skirted a federal law that requires power plants to install screens on their cooling water intake pipes to protect aquatic life. Now the company has fallen far ... more
Greenidge contractor told to remove equipment from state boat launch site at Severne Point after DEC decision
Greenidge Generation’s bid to quietly use a state-run fishing and boat launching facility on Seneca Lake as an industrial staging area came to a halt today when a contractor’s temporary permit expired. BIDCO Marine Group ... more
DEC says its ‘investigating’ as Greenidge appears to create staging area for major, new construction project after permit denial
A day after the state Department of Environmental Conservation denied Greenidge Generation an air permit for its power plant in Dresden, contractors for the company appear to be using a DEC boat launch as a ... more
DEC denies Greenidge air permit renewal after months of consideration, public feedback
The New York State Department of Environmental Conservation has denied Greenidge Generation its Title V air permit renewal. The facility is located in the town of Torrey, Yates County. DEC conducted a comprehensive review of ... more
Greenidge’s bitcoin operation on Seneca Lake loses bid for new air permit, jeopardizing its future
The state Department of Environmental Conservation today denied Greenidge Generation LLC’s application to renew its Title V air permit, jeopardizing the future operation of the plant’s controversial Bitcoin mining operation. “The gas-fired facility’s continued operations ... more
MANTIUS: Challenging times for Hochul, but DEC’s Greenidge decision could be significant moment
It would be easy for a distracted governor to underestimate the importance of the environmental ruling her Department of Environmental Conservation will make later this week. So easy to issue marching orders to the agency ... more
Dresden woman cited for unlicensed operation
A Dresden woman was ticketed following a traffic stop. According to a news release, the Penn Yan Police Department arrested Lindsay C. Long, 34, of Dresden for aggravated unlicensed operation. Long was observed to be ... more
INSIDE THE FLX: Seneca County Supervisors call on Governor to deny Greenidge air permit renewal (podcast)
In this episode, we talk with Lodi Supervisor Kyle Barnhart, who as Minority Leader of the Seneca County Board of Supervisors, signed the letter to Governor Kathy Hochul. June 14, 2022 Honorable Kathy Hochul Governor ... more
