New York Companies Ask Governor to Deny Crypto Mining License Applications

New York governor Kathy Hochul has been approached multiple times by local companies to deny permit applications to convert the city’s old fossil fuel plants into crypto mining centers.

Decline from Proof-of-Work mining facilities

The request reportedly comes in the form of a letter, which is co-signed by a number of organisations, companies and trade unions. This letter calls for an environmental assessment for Proof-of-Work crypto mining in New York. For this environmental reason, the governor is urged to refuse new applications. In this way, the Greenidge Generating Station and the Fortistar North Tonawanda power stations cannot be converted to crypto mining facilities. The letter states the following about this:

“Proof-of-Work cryptocurrency mining uses massive amounts of energy to power the computers needed to conduct business – should this activity expand in New York, it would meet New York’s climate goals set out in the Climate Leadership and Community Protection Act.”

Reducing greenhouse gas emissions

Re-enabling fossil fuel power plants would seriously jeopardize the U.S. state’s progress on its mandates to reduce greenhouse gas emissions, the letter said. The companies also quoted New York state commissioner Basil Seggos of the Department of Environmental Conservation as saying that “Greenidge has failed to comply with New York’s climate law.”

Citing the need for a full environmental assessment covering greenhouse gas emissions, the letter demands that the Hochul government deny Title V air permits for the two fossil fuel facilities.

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