News with the tag "Greenidge Generation"

The state Department of Environmental Conservation botched the permitting process, but it still gets a do-over.

Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business trans...

Greenidge Generation Holdings recently made headlines with two major financial maneuvers: eliminating a significant portion of its debt and selling a key bitcoin mining facility. The company successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining operation...

Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found the...

Environmentalists and anti-mining lawmakers debating bitcoin mining facility Greenidge Generation’s impact use rhetorically persuasive arguments that aren’t backed by reality. But so do the bitcoiners supporting the powerplant-turned-mining facility. And the debate does not solve the very real envir...

The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.

The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.