Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a lawsuit against the state Department of Environmental Conservation (DEC), according to a Nov. 14 report statement.
Judge Vincent Dinolfo of the New York Supreme Court ruled that the DEC’s actions in denying Greenidge’s Title V Air Permit application were legally defective and arbitrary. He also stated that the agency’s decision lacked a rational basis under section 7(2) of the Climate Leadership and Community Protection Act (CLCPA), criticizing the interpretation of the law.
The conflict began in August when Greenidge filed a lawsuit against the DEC after it denied the Dresden facility’s application for a permit to fly. The DEC cited non-compliance with CLCPA regulations as the basis for its decision. Greenidge disputed this, arguing that the denial was unwarranted and exceeded the DEC’s authority.
Although Greenidge’s initial appeal was denied in May, the company was granted a four-month operating waiver, allowing it to continue operations until September 8. This recent court ruling now ensures that the company can 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 issues, it does not give agencies the power to bypass legislative processes or endanger livelihoods.
The company 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 provide modern career paths to Upstate New Yorkers, who have waited far too long for the opportunity .”
The company noted that this decision strengthens the ability to align economic growth with environmental goals. Greenidge underscored his ability to contribute to the state’s climate goals while generating jobs and economic activity in the region.
Greenidge also emphasized the financial impact of DEC’s actions. According to Google Finance factsthe share price has fallen by almost 64% this year. However, following the court’s favorable ruling, the company’s shares rose more than 55% in pre-market trading.