NY Judge to Rule on Greenidge’s Bitcoin Mining Permit by Nov 14

Power plant operator Greenidge Generation has secured a temporary extension that allows its Dresden Bitcoin mining facility to continue operations through Nov. 14 as part of its ongoing lawsuit against the State of New York.

In a filing on Tuesday, Greenidge noted that it anticipates a decision from the New York Supreme Court in Yates County by November 14th regarding its challenge against the New York State Department of Environmental Conservation (DEC).

The dispute began when the DEC denied Greenidge’s Title V air permit renewal for the Dresden facility in June 2022. Following an appeal process, Greenidge was ultimately denied again in May this year. The 106-megawatt Dresden power plant plays a crucial role in supporting Greenidge’s energy capacity, proprietary mining activities, and data center hosting businesses.

In May, after the denial, Greenidge was granted a four-month grace period, allowing its Dresden facility to operate under the existing air permit until Sep 8, according to Greenidge’s Q2 filing.

As earlier reported, in August, Greenidge filed an Article 78 petition and a complaint against the DEC, seeking an injunction against the DEC’s denial of its Title V Air permit just before the initial permit expiration.

Subsequently, Greenidge and the DEC agreed on a briefing schedule in late October to address the dispute. Both parties consented to a temporary extension of the permit until Nov 1.

Greenidge indicated that a court hearing was conducted on Oct 29, and the permit has been further extended to Nov 14. By this date, Greenidge expects the court to decide its requests.

Greenidge reported preliminary financial results for the third quarter earlier this month, stating that it produced 167 BTC from July to September, of which 54 BTC were produced by proprietary hashrate and 113 BTC for hosting clients, namely, NYDIG.