Greenidge is facing an “uphill battle” to renew its Bitcoin mining permit, according to Basil Seggos, Commissioner of the Department of Environmental Conservation (DEC) in New York and per local news outlet WSKG.
“Our belief still stands that this is a facility that’s going to have an uphill battle complying with the law,” Seggos said.
The DEC Commissioner added a caveat to his statement, however, saying the regulator owed it to Greenidge to review what the company had submitted for a permit renewal.
“We owe it to the applicant to review what they submitted to us, take a deep dive into that. If in fact that shows the ability to comply, then maybe we’ll have a second impression as to whether or not they could comply with the law,” said Seggos.
Greenidge’s regulatory battle
Greenidge Generation’s upstate facility in Dresden, New York, began life as a coal-fired power plant in 1937 before recently pivoting to Bitcoin mining using natural gas.
The company’s permission to mine Bitcoin comes in the form of a Title V permit that obliges Greenidge to control the amount of greenhouse gas emissions it produces annually.
The company obtained its Title V permit in 2016 and aims for a renewal—with a possible DEC decision to come in June this year.
In March 2021, Greenidge submitted documents to the regulator that included a letter—seen by Decrypt—which specified the legal maximum emissions the company could emit at its Dresden facility.
That permission allowed the company to produce up to 641,000 tons of carbon dioxide equivalents per…