Despite the wait, Finger Lakes resident and activist Yvonne Taylor said she would still be “popping bubbly” to celebrate the victory after more than a year of fighting its air permit renewal.
The 20,000-computer farm operates continuously, solving complex algorithms that release new pieces of Bitcoin. The site was formerly a coal plant that was shut down in 2011. Atlas Holdings LLC, a Connecticut-based investment company, bought the decommissioned facility and invested $100 million in converting it to natural gas, roughly equal to the value of the Bitcoin it mined last year.
In the second year, emissions jumped again – more than 20%, totaling more than 500,000 metric tons of greenhouse gases being released every year into the air. “We believe there is no credible legal basis whatsoever for a denial of this application because there is no actual threat to the CLCPA from our renewed permit,” Greenidge wrote to Gothamist in a statement via email. “It is not, and cannot be transformed into a politically charged cryptocurency permit.”
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