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PANews reported on November 11th that, according to Decrypt, Bitcoin mining company Greenidge's stock price surged over 35% on Monday after the company announced an agreement with New York State officials to secure a five-year renewal of a key environmental permit. As a condition of obtaining the permit, Greenidge agreed to significantly reduce greenhouse gas emissions to match New York State's climate goals. The company pledged to reduce its permitted emissions by 44% by 2030. This goal aligns with a landmark climate law passed by New York State in 2019, which aims to reduce statewide greenhouse gas emissions by 40% from 1990 levels by 2030. This settlement with the New York State Department of Environmental Protection ends all litigation between the two parties. Previously, in 2022, Greenidge sued after its permit was again denied.PANews reported on November 11th that, according to Decrypt, Bitcoin mining company Greenidge's stock price surged over 35% on Monday after the company announced an agreement with New York State officials to secure a five-year renewal of a key environmental permit. As a condition of obtaining the permit, Greenidge agreed to significantly reduce greenhouse gas emissions to match New York State's climate goals. The company pledged to reduce its permitted emissions by 44% by 2030. This goal aligns with a landmark climate law passed by New York State in 2019, which aims to reduce statewide greenhouse gas emissions by 40% from 1990 levels by 2030. This settlement with the New York State Department of Environmental Protection ends all litigation between the two parties. Previously, in 2022, Greenidge sued after its permit was again denied.

Bitcoin mining company Greenidge reaches settlement with New York State over its environmental permit dispute.

Author: PANews

Source: PANews

2025/11/11 11:16

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