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National coalition against cryptomining calls for action and oversight
Senator Ed Markey is reintroducing a bill that aims to regulate the energy consumption of cryptomining operations in the United States. The move comes as the National Coalition Against Cryptomining (NCAC) pushes for federal legislation ... more
Three environmental groups sue Greenidge in federal court alleging ongoing violations of Clean Water Act
Three environmental groups filed a federal civil lawsuit Tuesday against Greenidge Generation LLC, alleging that its discharges into Keuka Lake Outlet and Seneca Lake violate the federal Clean Water Act. A federal lawsuit filed today ... more
Greenidge completes wedge wire screen project at Seneca Lake intake pipe
Greenidge Generation has completed the intake screen project at its facility in Dresden, Yates County. The project involved the installation of cylindrical wedge wire screens at the company's water intake system, which is a critical ... more
Greenidge stock quadruples in 8 days: Will it be enough to help Dresden-based bitcoin miner survive liquidity crunch?
Shares of Greenidge Generation LLC have quadrupled over eight trading days this year, despite an ongoing liquidity crunch that has forced it to sell most of its Bitcoin mining rigs and warn of possible bankruptcy ... more
Greenidge gets closer to completing screens on intake pipe in Seneca Lake
Greenidge Generation says it is installing the cylindrical wedge wire screens at the company's water intake system in Dresden along Seneca Lake. Accoridng to a news release, Greenige says it has entered the final stage ... more
Greenidge on brink of bankruptcy: Company pursues deal to sell most of its bitcoin mining machines
Greenidge Generation Holding Inc. warned this week that it may seek bankruptcy protection because it expects to run out of cash within two months, according to a Dec. 20 filing with the Securities and Exchange ... more
Greenidge receives delisting notice from NASDAQ as stock continues to fall
Greenidge Generation Holdings Inc. received a delisting notice from the Nasdaq Stock Market for its Class A common stock due to failure to maintain a bid price of $1 per share for 30 consecutive trading ... more
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
