Cryptocurrencies
Bitcoin Miner Loses Bid to Renew Power-Plant Permit in N.Y.
- Decision was being viewed as omen for Bitcoin mining in state
- Industry criticized by climate advocates for high energy usage
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New York State rejected the renewal permit for a power plant used by Greenidge Generation Holdings Inc. for Bitcoin mining, a decision that comes after about six months of delays.
The Department of Environmental Conservation said it denied the application because of statewide limits on greenhouse gas emissions.