New York denies air permit to Bitcoin mining power plant

that Greenidge’s operations “would be inconsistent with the statewide greenhouse gas emission limits established in the Climate Act.”

Greenidge operated as a coal-fired power plant for decades. But as coal struggled to compete with cheap natural gas across the country, the plant temporarily shuttered before retrofitting itself to run on gas in 2017.

Greenidge’s air quality permits expired last year, sparking a big battle over whether those permits should be renewed since they were issued before the plant started mining Bitcoin. Before crypto mining entered the picture, Greenidge was expected to serve primarily as a “peaker plant” that would start up whenever the grid might need extra electricity to meet high demand.

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