Источник BeInCrypto.com
Заголовок Greenidge Generation Wins Legal Battle Over Its Crypto Mining Facility in New York
Дата 20241115

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
Greenidge Generation Wins Legal Battle Over Its Crypto Mining Facility in New
York

Greenidge Generation Holdings Inc. will continue operating its crypto mining
facility in Dresden, New York, after a court ruling overturned a state
agency’s attempt to block its operations.

On November 14, the New York Supreme Court sided with Greenidge, nullifying
the state Department of Environmental Conservation’s (DEC) decision to deny
the company’s Title V Air Permit.

Greenidge Receives Approval to Continue its Crypto Mining Operations

Judge Vincent Dinolfo criticized the DEC for acting “arbitrarily and
capriciously” and misinterpreting the Climate Leadership and Community
Protection Act (CLCPA). The court concluded that the DEC lacked a reasonable
justification for its decision, allowing Greenidge to keep the plant running.

The legal dispute began in August when Greenidge challenged the DEC’s decision
to reject its air permit renewal. The agency claimed the facility didn’t meet
New York’s climate goals under the CLCPA.

Sponsored

Sponsored

“The Climate Act is a good and well-intended law, but it did not give DEC
political appointees and bureaucrats the power to rewrite a statute and
unilaterally decide for themselves the value of working-class New Yorkers’
jobs,” said Greenidge Generation in an official statement .

Greenidge argued the rejection exceeded the DEC’s authority and ignored the
plant’s compliance with existing laws.

Although the DEC had previously dismissed an appeal in May, Greenidge obtained
a temporary waiver, enabling operations through September. The latest court
ruling now secures the plant’s long-term future.

Bitcoin mining is one of the key business operations of Greenidge. The power
plant has been scrutinized for burning natural gas to power its mining
facility. Greenidge Generation power plan in New York. Source: BBC• Объект организация » Организации по алфавиту » Организации на Бр » BBC (Би-би-си)

• Средства массовой информации » Средства массовой информации Великобритании » BBC (Би-би-си)

This marks the seventh legal victory for Greenidge on operational issues. The
company expressed optimism about working with the DEC to secure a new permit
in line with the court’s decision.

Mining Continues To Be a Controversial Topic

The Greenidge ruling comes amid global debates over the environmental and
economic impact of crypto mining. Bhutan , for instance, has leveraged its
hydroelectric power to mine Bitcoin , reportedly holding 13,000 BTC—worth over
$1 billion.

Conversely, a city in Norway faced a 20% rise in household electricity costs
after the Stokmarknes Datasenter Bitcoin mining facility shut down in
September. Local authorities in Hadsel refused to renew the facility’s
temporary operating permit.

Also, in Russia, a new law temporarily bans crypto mining in regions with
power shortages, including parts of Siberia. The legislation grants the
government direct oversight of mining pools , although state support for
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта as a payment method remains firm.

Best crypto platforms in Europe | November 2024

YouHodler Explore

Bitpanda Explore

Coinbase Explore

BYDFi Explore

Margex Explore

Best crypto platforms in Europe | November 2024

YouHodler Explore

Bitpanda Explore

Coinbase Explore

BYDFi Explore

Margex Explore

Best crypto platforms in Europe | November 2024

YouHodler

Bitpanda

Coinbase

BYDFi

Margex

Disclaimer

All the information contained on our website is published in good faith and
for general information purposes only. Any action the reader takes upon the
information
found on our website is strictly at their own risk.

============= Итог: 4,2641 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта 1,3125 ; Средства массовой информации #Средства массовой информации Великобритании#BBC (Би-би-си)

============= Объекты: организации BBC (Би-би-си) Средства массовой информации Великобритании


Copyright © 2007-2024 ООО «RelTeam»