CandleFocus Bitcoin miner Greenidge wins legal battle to keep mining in New York
2024-11-15
Author: Content Editor
Bitcoin miner Greenidge Generation has won a legal case against the New York State's Department of Environmental Conservation (DEC) and will continue operating in the state. The court determined that the DEC's denial of Greenidge's air permit application was flawed and arbitrary. The company argued that the denial was unjustified and exceeded the DEC's authority. Greenidge sees the ruling as a victory and emphasizes its ability to align economic growth with environmental goals while creating jobs and economic activity in the region. Following the court decision, Greenidge's stock surged by over 55%.
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