greenidge generation

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.

Water intake and pollution permits for the controversial power plant and cryptocurrency mining facility expire at the end of September.

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

Hochul said recently that she is still considering whether to sign the moratorium legislation. The DEC has set a deadline of June 30 to address Greenidge’s permits.

“I appreciate the ambition, but we want to see what the science says, what the facts say on the application and ultimately we'll make a determination on that and that alone."

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

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.