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Greenidge faces liquidity squeeze after heavy borrowing to buy latest bitcoin mining rigs, stock sinks below $2

Greenidge faces liquidity squeeze after heavy borrowing to buy latest bitcoin mining rigs, stock sinks below
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
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Seneca Lake Guardian hosts environmental education and advocacy event for teens today

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
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Will Greenidge face any consequences for missing October 1 deadline to install screens on water intake pipe?

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
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Greenidge contractor told to remove equipment from state boat launch site at Severne Point after DEC decision

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
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DEC says its ‘investigating’ as Greenidge appears to create staging area for major, new construction project after permit denial

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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
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DEC denies Greenidge air permit renewal after months of consideration, public feedback

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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
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Greenidge’s bitcoin operation on Seneca Lake loses bid for new air permit, jeopardizing its future

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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
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MANTIUS: Challenging times for Hochul, but DEC’s Greenidge decision could be significant moment

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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
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Dresden woman cited for unlicensed operation

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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
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INSIDE THE FLX: Seneca County Supervisors call on Governor to deny Greenidge air permit renewal (podcast)

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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
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Democrats, Republicans unite against Greenidge: Supervisors, party leaders ask for Hochul to deny air permit immediately

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Party leaders and elected officials in Seneca County are taking a stand against Greenidge Generation. In a letter to Governor Kathy Hochul and Department of Environmental Conservation Commissioner Basil Seggos, the supervisors outlined their concern ... more
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Crypto moratorium approved after surprising early-morning NYS Senate vote; industry lobbying falls short

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The New York State Legislature early today passed a two-year moratorium on certain cryptocurrency mining that would halt permits to convert old fossil-fuel power plants into crypto operations. The bill (A7389/S6486) had been considered “dead” as recently ... more
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NYS Assembly passes two-year moratorium on cryptocurrency mining, bill headed to Senate

NYS Assembly passes two-year moratorium on cryptocurrency mini
The New York State Assembly voted on Tuesday to pass a law that would impose a two-year moratorium on proof-of-work cryptocurrency mining operations. Assembly Bill A7389C is now on its way to the state Senate ... more
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DEC needed months to review public comments that ran 100-to-1 against Greenidge’s bitcoin operation

DEC needed months to review public comments that ran 100-to-1 against Greenidge's bitcoin operation
Nearly 4,000 public comments on Greenidge Generation’s bid to renew a state air emissions permit for its Bitcoin mining operation ran nearly 100-to-1 negative last Fall, according to a recent analysis by researchers from Cornell ... more
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Researchers will present analysis of nearly 4,000 public comments on Greenidge air permit

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On Monday, researchers from Cornell University will present their analysis of 3,919 files containing public comments sent to the Department of Environmental Conservation regarding Greenidge Generation's air permit renewal. After FOILing for the comments, researchers ... more
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Closer look at how state regulators punted a major decision on bitcoin mining in the Finger Lakes and New York

State regulators punt ruling on permit for bitcoin mining operation in Finger Lakes until after primary
Facing a major test on how the state plans to enforce its ambitious 2019 climate change law, state regulators on Thursday delayed for the second time a ruling on an air permit for a Bitcoin ... more
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DEC again delays decision on Greenidge permit renewal

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The state DEC says no decision will be made on a permit renewal for Greenidge Generation's cryptocurrency mining operation on Seneca Lake until after the June primary elections. Bloomberg reports both those in the cryptocurrency ... more
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Dresden woman arrested for driving while intoxicated

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Police arrest a Dresden woman for driving while intoxicated. According to a news release, the Penn Yan Police Department arrested Kimberly A. Mahan, 39, of Dresden following an investigation where she was charged with DWI ... more
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Anti-Greenidge cryptocurrency mining rally being held today at state Capitol

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Environmental advocates and public officials will rally against cryptocurrency mining today at the state Capitol. On March 31, the DEC is expected to announce its decision on a permit renewal application filed by Greenidge Generation ... more
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