GREE’s 30% Surge After Winning Regulatory Battle in New York
The post GREE’s 30% Surge After Winning Regulatory Battle in New York appeared on BitcoinEthereumNews.com.
TLDR Greenidge Generation Holdings secured a five-year Title V Air Permit renewal with the New York State Department of Environmental Conservation. The company must reduce its permitted greenhouse gas emissions by 44% and actual emissions by 25% by 2030. The agreement ends a lengthy legal dispute between Greenidge and New York State over its air permit. Greenidge can continue its power generation and Bitcoin mining operations at its Dresden facility without interruption. The new permit aligns the facility with New York State’s climate goals while supporting energy grid reliability. Shares of Greenidge Generation Holdings (GREE) surged more than 30% at Monday’s market open after the company secured a major regulatory breakthrough in New York. The Bitcoin mining and power-generation company reached an agreement with the New York State Department of Environmental Conservation (NYSDEC) to renew its air permit. This resolution ends a years-long legal battle that threatened the company’s operations in the state. Greenidge Secures Title V Air Permit Renewal Greenidge Generation Holdings (GREE) announced on Friday that it had reached an agreement with the NYSDEC to renew its Title V Air Permit. The five-year permit allows the company to continue its operations in Dresden, New York, combining power generation with cryptocurrency mining. This agreement effectively ends a lengthy legal dispute between GREE and the state of New York, which started when the permit was initially denied in 2022. The renewed permit mandates that GREE cut its permitted greenhouse gas emissions by 44% and reduce its actual emissions by 25% by 2030. These targets exceed the state’s Climate Leadership and Community Protection Act’s (CLCPA) goal of a 40% reduction. “This new permit includes historic emissions reductions that go far beyond anything required by the CLCPA,” said Dale Irwin, the company’s president. New Permit Aligns With State Climate Goals Under the…
Filed under: News - @ November 11, 2025 3:28 am