cryptoslate.com
Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a legal case against the State’s Department of Environmental Conservation (DEC), according to a Nov. 14 statement.
Judge Vincent Dinolfo of the New York Supreme Court determined that the DEC’s actions in denying Greenidge’s Title V Air Permit application were legally flawed and arbitrary. He also stated that the agency’s decision lacked a rational foundation under the Climate Leadership and Community Protection Act (CLCPA) Section 7(2), criticizing its interpretation of the law.
The conflict began in August when Greenidge filed a lawsuit against the DEC after the agency denied its application for an air permit at its Dresden-based facility. The DEC cited non-compliance with CLCPA regulations as the basis for its decision. Greenidge contested this, arguing that the denial was unjustified and exceeded the DEC’s authority.
Although Greenidge’s initial appeal was dismissed in May, the company was granted a four-month operational waiver, allowing it to continue operations until Sept. 8. This recent court decision now ensures its ability to operate without interruption.
Greenidge described the ruling as a victory over political interference in the rule of law. The company argued that while the CLCPA aims to address climate concerns, it does not empower agencies to bypass legislative processes or compromise livelihoods.
The firm stated:
“This decision highlights the growing importance of data center operations – whether supporting AI, digital currency, cloud computing, or other high-tech businesses – and how we can bring modern career paths to Upstate New Yorkers, who have waited far too long for the opportunity.”
The firm noted that this decision reinforces the possibility of aligning economic growth with environmental goals. Greenidge underscored its ability to contribute to the state’s climate objectives while generating jobs and economic activity in the region.
Greenidge also highlighted the financial impact of DEC’s actions. According to Google Finance data, its stock price had dropped by nearly 64% year-to-date. However, following the favorable court ruling, the company’s stock surged by over 55% at pre-market trading.