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.
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
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
