Bitcoin miner Greenidge's permit renewal denied by New York regulator

Quick Take

  • Bitcoin miner Greenidge saw its air permit renewal denied by the New York Department of Environmental Conservation.
  • The company indicated that it will challenge the regulator’s decision in court and continue running operations in the meantime.

The New York Department of Environmental Conservation (DEC) has denied bitcoin miner Greenidge's air permit renewal.

The regulator said Thursday that Greenidge's application didn't comply with the green gas house gas (GHG) emissions limits set by the state's Climate Leadership and Community Protection Act (CLCPA), signed into law in 2019.

"Greenidge has failed to demonstrate that the continued operation of the Facility is justified notwithstanding this inconsistency," the letter to Greenidge stated, adding that the miner didn't demonstrate "adequate GHG mitigation measures."

Greenidge now has the right to request an administrative adjudicatory hearing within 30 days of the decision. The company said in a statement on Thursday that their mining operations in New York will continue running during the extended judicial review process.

"We can continue running uninterrupted under our existing Title V Air Permit, which is still in effect, for as long as it takes to su