The court ruled that the Greenidge mining facility continues to operate, overturning DEC's previous decision to refuse to renew the license
On November 15, Judge Vincent Dinolfo of the New York State Supreme Court ruled that Greenidge Generation's Bitcoin mining facility will continue to operate, overturning the previous decision by the New York State Department of Environmental Conservation (DEC) to refuse to renew its Title V Air Permit. The judge pointed out that there were legal errors in DEC's final decision and its actions were arbitrary and capricious.
Greenidge stated that the Climate Act did not authorize DEC officials to modify laws or determine the value of working-class jobs on their own. As of the third quarter, Greenidge managed a computing power capacity of 3.1 EH/s, with 1.3 EH/s being its own computing power and 1.8 EH/s coming from hosted computing power; most electricity is provided by its facility located in Dresden, New York.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A certain whale sold 7,621 ETH in the past 3 days, cashing out approximately $23.85 million.
Pudgy Penguins will launch a brand animation at the Las Vegas Sphere during Christmas.
Data: Suspected BitMine new wallet withdraws over 23,600 ETH from an exchange, worth approximately $73.4 million
US SEC Issues Crypto Asset Custody Guidelines, Systematically Outlines Wallet Types and Key Risks