Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the US, announced that it will install wire screens on its intake pipes in Seneca Lake. The firm is probably best known for “a long-running dispute with environmentalists over the impact of its operations on New York’s Seneca Lake, according to a Bloomberg report on Dec. 20, 2022.
However, It is the “latest miner to teeter on the edge of bankruptcy in the wake of the plunge in the value of the largest cryptocurrency.” The Bitcoin miner also warned that it may seek bankruptcy protection while entering into debt restructuring talks with lender New York Digital Investment Group.
Bitcoin Miner’s Extension
Greenidge announced on Dec. 27, 2022 that “the cylindrical wire wedge screens were recently lowered into Seneca Lake to be installed on the plant’s water intake system.” And this installation got the approval from the NYS Department of Conservation in late December, followed by federal app
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