New York judge rejects state efforts to shutter bitcoin mine over climate concerns

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New York judge rejects state efforts to shutter bitcoin mine over climate concerns
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Decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in the Finger Lakes region

Like other large-scale crypto-mining operations, Greenidge relies on thousands of electricity-guzzling computer servers that generate bitcoin by solving complex equations.A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact.

In 2022, the New York Department of Environmental Conservation denied a required air permit to the plant on the grounds that its greenhouse gas emissions ran afoul of the state’s ambitious climate goals. A coalition of environmental groups, meanwhile, allege Greenidge is pumping millions of pounds of carbon dioxide into the air, while contaminating the nearby Seneca Lake with daily discharges of heated water required to run the plant.

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