Tag: Greenidge Generation

Auto Draft

Critics, supporters of Greenidge bitcoin operation duel at DEC hearing on bid to renew air permits

A decision to grant renewed air permits to the Greenidge Generation power plant in Dresden would “fly in the face of the mission statement” of the state Department of Environmental Conservation and the state’s 2019 climate law, winery owner Phil Davis said ... MORE
Auto Draft

Greenidge Generation comment period to DEC extended to November 19

The public comment period on the Greenidge Generation application has been extended. Originally set to expire on October 22, the deadline for written comment to the state Department of Environmental Conservation was extended to November 19. The DEC announced the extra time ... MORE
Auto Draft

Wall Street dumps shares of Greenidge Generation stock ahead of air emissions hearings on ‘carbon neutral’ bitcoin mining

So far, Wall Street isn’t buying Greenidge Generation’s pitch to investors that it’s a “green” Bitcoin miner with a clear path to expand cryptocurrency operations at least ten-fold by 2025. Within its first three weeks of trading as a public company, Greenidge ... MORE
Auto Draft

Greenidge, Support.com merger expected to close today; shares to begin trading on Wednesday

Greenidge Generation Holdings Inc. and Support.com Inc. said its proposed merger is set to close at 4 p.m. (Tuesday, Sept. 14) Shares of Greenidge’s Class A common stock will begin trading on the Nasdaq Global Select Market under the ticker symbol GREE ... MORE
Auto Draft

Greenidge’s merger partner Support.com rockets upward after carbon neutral bitcoin mining promise

UPDATE (August 27, 2021): Support.com shares hit a high of $59.69 this afternoon, triple its close at $19.70 yesterday (Aug. 26). The market value of the company briefly soared to $1.43 billion, compared to $52 million in early March, before it announced ... MORE
Greenidge announces closure of Lockwood Hills landfill in Dresden

Greenidge announces closure of Lockwood Hills landfill in Dresden

Greenidge Generation Holdings Inc. announced last week that it will be investing profits from its bitcoin mining operation in Dresden, New York to expedite the closure of an existing, forty-year-old coal ash landfill. They will also create a significant new solar farm ... MORE
Crypto mining moratorium bill targets big energy users; Renaissance hedge fund

Crypto mining moratorium bill targets big energy users; Renaissance hedge fund set to own stake in Greenidge

Following a surge in power-hungry Bitcoin mining that set environmentalists scrambling, New York lawmakers have introduced multiple bills regulating cryptocurrencies late this legislative session. Anna Kelles (D-Ithaca), a first-term Assemblymember from the Finger Lakes, is leading the charge with her push for ... MORE
Lawmakers consider bill that would impose 3-year state moratorium on bitcoin mining, force environmental impact statement

Lawmakers consider bill that would impose 3-year state moratorium on bitcoin mining, force environmental impact statement

The legislation stems from alarm over the prospect that Greenidge Generation’s proposed expansion of Bitcoin operations at its power plant in Dresden could be the harbinger of a wave of power plant conversions that would undermine the state’s ambitious climate action goals ... MORE
Greenidge releases daily water temperature data for trout spawning season

Greenidge releases daily water temperature data for trout spawning season

Last week Greenidge Generation published what it says is daily water temperature data from its power generation and data processing center operation between March 1 and April 17 – a critical time during trout spawning season. Given the importance of trout season ... MORE
Torrey Planning Board gives 4-1 ‘super’ approval needed to advance Greenidge expansion

Torrey Planning Board gives 4-1 ‘super’ approval needed to advance Greenidge bitcoin expansion

The Torrey Planning Board gave its blessing for a second time to Greenidge Generation to expand its bitcoin mining operation along Seneca Lake. Earlier this year the Yates County Planning Board voted 5-3 against the site plan. While that vote was considered ... MORE