Finger Lakes Crypto Mine Faces Uncertain Future Despite Recent Court Victory, Environmental Concerns Loom Large
Yates County, NY — A controversial cryptocurrency mining operation in the Finger Lakes region of upstate New York has been allowed to continue operating for the time being, following a judicial ruling last Thursday. However, the future of Greenidge Generation’s facility, which consumes substantial amounts of fossil fuels, hangs in the balance as it confronts rigorous state climate regulations. Greenidge Generation’s operation, set along the picturesque shores of Seneca Lake, utilizes a gas-fired power plant to drive more than 20,000 computers dedicated to mining cryptocurrency — a digital process to validate transactions and generate new … Read more