Overview
- State regulators approved a five-year Title V renewal for Greenidge’s Dresden facility under a settlement signed Friday.
- The permit requires a 44% cut in permitted greenhouse-gas emissions—about 282,000 tons of CO2—and a 25% reduction in actual emissions by 2030, with limited public detail on how the cuts will be achieved.
- The agreement resolves litigation that followed New York’s 2022 denial of the plant’s prior permit and allows the natural-gas facility to continue powering its Bitcoin-mining operation.
- Greenidge shares jumped more than 30% after the announcement, and IBEW Local 10 praised the outcome for protecting union jobs and supporting the grid.
- Environmental groups, including Seneca Lake Guardian, denounced the decision and say they plan to challenge the permit in court.