Share this article
Greenidge's Seneca Lake Crypto Project Wins NY Supreme Court Ruling to Continue Operations
A local judge ruled that Greenidge's project "would not impact the air or water of Seneca Lake."
Updated May 11, 2023, 7:18 p.m. Published Apr 8, 2022, 3:46 a.m.
Make us preferred on Google
Bitcoin mining company Greenidge Generation Holdings (GREE) won the dismissal of a petition filed by the Sierra Club and Seneca Lake Guardian to try to stop its crypto mining project at Seneca Lake, N.Y., it said in a statement Thursday.
- The ruling by the state Supreme Court is the fifth legal challenge Greenidge has won since 2016, according to the statement. Greenidge says it operates within full compliance of its New York state air and water permits.
- "Various and overlapping opponents have now lost all five legal actions related to the facility and we properly sought and received all necessary approvals to start this project long ago, with Planning Board approval," Greenidge Generation President Dale Irwin was cited as saying in the statement.
Read more: Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
More For You
American crypto holders are scared and confused about this year’s new IRS tax rules
Crypto tax platform, Awaken Tax, polled 1,000 crypto holders about a radical shift from self-disclosure to automatic reporting of transactions.
What to know:
- New rules compel crypto exchanges like Coinbase to issue a Form 1099-DA to the IRS this week.
- The rules are a “blunt instrument,” according to Awaken Tax founder Andrew Duca, created by legislators who know nothing about crypto.
- The onus falls on the holder of crypto to “patch” what’s missing in terms of their crypto acquisition costs and actual tax basis.
Top Stories
