Greenidge significantly extended its New York operating license, committed to a 44% emission reduction by 2030, and resolved all disputes with state regulators.
Greenidge’s shares jumped more than 35% after the cryptocurrency mining firm secured a five-year renewal of a key environmental permit in New York. As part of the agreement, the company pledged to reduce approved emissions by 44% by 2030 in alignment with the state’s climate law. The settlement also concluded all litigation between Greenidge and the state’s environmental agency, removing regulatory uncertainty for its mining operations.