Share this article
Bitcoin Miner Greenidge’s NY Power Plant Permit Delayed: Report
The decision by the state’s Department of Environmental Conservation will now come by the end of March.
By Aoyon Ashraf
Updated May 11, 2023, 7:10 p.m. Published Jan 29, 2022, 12:14 a.m.
Make us preferred on Google
The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, Bloomberg reported.
- The decision is now expected to come by March 31, two months later than originally planned, the report said.
- The delay will help NYSDEC complete its review with public comments, Bloomberg said, citing a spokesperson.
- The miner applied last year to renew its permits for the plant, the first time it has come up for renewal since the plant has been powering bitcoin mining operations.
- On Jan. 16, Greenidge said that due to high electricity demand resulting from recent cold weather, the company temporarily curtailed its cryptocurrency mining operations in Dresden on Jan. 15 to supply all its electrical generation capacity to the New York Independent System Operator.
- On Dec. 2, U.S. Sen. Elizabeth Warren (D-Mass.) questioned the environmental footprint of Greenidge Generation’s (GREE) bitcoin mining operation in New York in a detailed letter. The senator later targeted six more crypto miners, questioning their energy usage.
Read more: Warren Targets 6 More Crypto Miners for Their Energy Use
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
