bitcoin

Greenidge Generation is leasing a majority of its miners to another company in order to reduce its debt burden.

The Seneca Lake power plant and Bitcoin mining facility is installing wedge wire screens on its intake pipe, a complaint of environmental activists.

Greenidge Generation is attempting to restructure millions of dollars in debt in exchange for cryptocurrency mining capacity at its facilities.

The DEC maintained its previous position that the facility did not comply with New York’s statutory climate goals.

Environmental activists call the move "political."

The New York senator acknowledged the effort to implement a moratorium on some cryptocurrency mining in New York.

The report compares the legal process for implementing a moratorium to the one that was used to temporarily halt high-volume hydraulic fracturing, or fracking, in 2010.

Williams said he’s not against cryptocurrency mining altogether, but wants companies to reevaluate their mining process so it doesn’t use as much electricity.

A debate over cryptocurrency mining on Seneca Lake turned into a broader test of the state’s climate law. That test is likely to come to a head in 2022.

The move comes as the DEC is considering renewal of the air pollution permits for Greenidge Generation, a power plant and cryptocurrency mining operation in Yates County.