Tag: Greenidge

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Greenidge opposition swells, as calls for statewide ban on cryptocurrency mining get louder

Activists and environmental groups are calling on New York to say ‘No’ to cryptocurrency. At a press conference this week hundreds called on Hochul and the state Department of Environmental Conservation to issue a statewide moratorium on crypto mining. Specifically, advocates say ... MORE
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DEC Commissioner Basil Seggos says Greenidge Generation’s bitcoin effort does not comply with New York State climate law

The rapid expansion of Greenidge Generation’s Bitcoin mining operation at its Dresden power plant violates state law that requires the reduction of greenhouse gas emissions, the state’s top environmental official said late yesterday. “Greenidge has not shown compliance with NY’s climate law,” ... MORE
Greenidge plans new bitcoin operation in recently shuttered South Carolina printing plant that laid off 400 workers

Greenidge plans new bitcoin operation in recently shuttered South Carolina printing plant that laid off 400 workers

Greenidge Generation Holdings Inc. has announced plans to launch its second bitcoin mining operation later this year or in early 2022 at a recently shuttered printing plant in Spartanburg, S.C. GGH’s parent company, Atlas Holdings, acquired the sunbelt plant in December as ... MORE
Democrats in NYS Assembly allowed IBEW to veto cryptocurrency moratorium bill to preserve union jobs at Greenidge

Dems in NYS Assembly allowed IBEW to veto cryptocurrency moratorium bill to preserve union jobs at Greenidge

The union that represents about 40 contract electrical workers at Greenidge Generation’s power plant in Dresden last week derailed a bill that would have imposed a statewide moratorium on energy-intensive cryptocurrency mining, according to the bill’s sponsor. Asked what killed the moratorium ... MORE
Groups plan rally at DEC Headquarters over Greenridge Air Permit renewals

Groups plan rally at DEC Headquarters over Greenridge Air Permit renewals

Local business owners, residents, and environmental advocates are planning a rally outside of the DEC’s Region 8 Headquarters in Avon on Saturday to call on the state agency to reject Greenridge’s Title Five Air Permit, which is up for renewal. If renewed, ... MORE
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NASDAQ responds with wild enthusiasm after Greenidge announces bitcoin mining expansion, merger with Support.com

NASDAQ goes wild over Greenidge’s plan to go public, expand bitcoin mining 25-fold

The NASDAQ stock market responded with wild enthusiasm today to Greenidge Generation Holdings Inc.’s announcement of plans to become a publicly traded company later this year. Fueling that excitement was the company’s stated intention to boost is current 19-megawatt Bitcoin mining operation ... MORE
As bitcoin’s price rockets ever higher, Greenidge mining profits soar: Will owners’ windfall wealth trickle down?

As bitcoin’s price rockets ever higher, Greenidge mining profits soar: Will owners’ windfall wealth trickle down?

Greenidge Generation’s earnings surged last year thanks to its impeccably-timed move into Bitcoin mining, and prospects for even greater cryptocurrency profits look bright — at least for the near term. Company owners are seizing the moment to harness market enthusiasm by offering ... MORE
Greenidge parent company merges with Support.com

Greenidge parent company merges with Support.com

Greenidge Generation announced that its holding company has signed an agreement to merge with Support.com. The deal is subject to shareholder approval and customary closing conditions, according to Greenidge. Support.com is a leading provider of customer and technical support solutions delivered by ... MORE
Yates Planning Board sends Greenidge app back to Torrey Town Board forcing supermajority vote

Yates Planning Board sends Greenidge app back to Torrey Town Board forcing supermajority vote

The Yates County Planning Board decided not to recommend an application by Greenidge Generation to expand its site in Torrey. Following that decision on Thursday, the entire application will be sent back to the Town of Torrey Planning Board for a February ... MORE
Cuomo let’s Greenidge, Cargill skip environmental reviews triggering outcry, lawsuits

Cuomo lets Greenidge, Cargill skip environmental reviews triggering outcry, lawsuits

For a decade, the Cuomo Administration has narrowly applied state environmental law to a pair of Finger Lakes industrial projects in ways that favor their out-of-state owners at the expense of those most likely to be harmed. The state DEC has not ... MORE
Activists call for Cuomo to deny Greenidge permit

Activists call for Gov. Cuomo to deny Greenidge Generation permit

Organizations from across NY State, businesses, residents, and visitors to the Finger Lakes region are urging Governor Cuomo to direct his DEC to deny Greenidge Power Facility’s storm water permit and immediately revoke the existing air and SPDES permits for this facility’s power ... MORE