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Greenidge Generation
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
INSIDE THE FLX: Was the 2022 HABs season bad? Where does Finger Lakes region stand in fight against blooms?
What's up with the fight against HABs in the Finger Lakes? Last month, an announcement about a Nine Element Plan in the Seneca-Keuka Watershed to address phosphorus runoff made headlines. But it isn't the kind ... 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
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
Hochul could follow fracking precedent in setting crypto mining moratorium in New York
Gov. Kathy Hochul has a clear legal path to establish a moratorium on permits for cryptocurrency mining operations like Greenidge Generation’s plant in Dresden, according to a report issued today by Columbia Law School’s Sabin Center for ... more
Greenidge Generation anticipates over $3 million in local, state taxes
Yates County-based Greenidge Generation has announced it will pay more than $3 million in taxes for calendar-year 2021. That's about $2 million higher than the company paid in taxes for 2020, or a 200% increase ... more
With high expected demand for electricity, Greenidge curtails Dresden cryptocurrency mining
Due to anticipated high demand for electricity because of the arctic temperatures followed by the overnight snowstorm, Greenidge Generation has announced it's curtailing its cryptocurrency mining operation in Dresden. In a statement, the company said: ... more
EPA denies Greenidge permit extension to operate coal ash pond
The federal Environmental Protection Agency has denied Greenidge Generation a permit extension to continue operating a coal ash pond left over from when its power plant on Seneca Lake in Dresden burned coal. The pond ... more
Pressure on DEC to deny permit renewal for Greenidge’s Lockwood Hills Coal Ash Landfill
In a fresh challenge to the state’s piecemeal approach to regulating the environmental risks of Greenidge Generation’s bitcoin mining operation, 10 environmental groups are seeking to block the renewal of a discharge permit for the ... more
State tentatively agrees to extend and modify ash landfill permit in Torrey
The state has decided tentatively to renew and modify the discharge permit for an ash disposal landfill near the Greenidge Generation plant on Seneca Lake in the Yates County town of Torrey. The Finger Lakes ... more
Yates County Farm Bureau backs Greenidge
Yates County Farm Bureau has come out in favor of Greenidge Generation's bitcoin mining operation on Seneca Lake. A resolution adopted at the organization's annual meeting says: “Yates County Farm Bureau strongly supports Greenidge Generation LLC ... more
Environmental groups request injunction against Greenidge
A request for a preliminary injunction has been filed against Greenidge Generation in an effort to halt the planned expansion of their Dresden power plant for cryptocurrency mining. A release from Seneca Lake Guardian and ... more
