NY Deal Sends Crypto Miner GREE Soaring Over 30% – Here’s What Happens Next
Shares of Greenidge Generation Holdings surged more than 30% at Monday’s open after the Bitcoin mining and power-generation company secured a major regulatory breakthrough with New York State.
The company announced that it had reached an agreement with the New York State Department of Environmental Conservation (NYSDEC) to renew its Title V Air Permit for its Dresden, New York facility, ending a years-long legal battle that once threatened its operations in the state.
Source: Google Finance
The five-year permit, finalized on Friday, allows Greenidge to continue running its combined power-generation and cryptocurrency-mining operation while committing to substantial emissions cuts that go beyond state climate targets.
