Greenidge Stock Jumps 30% After Air Permit Resolution in New York

2025-11-11 00:01

Greenidge Generation Holdings (GREE) experienced a significant stock increase of over 30% following the renewal of its air emissions permit for its Dresden, New York facility. The five-year permit renewal resolves a previous lawsuit stemming from the rejection of its 2022 permit. Under the new terms, Greenidge is required to cut greenhouse gas emissions by 44% and actual emissions by 25% by 2030, exceeding New York's climate targets. President Dale Owen highlighted that this development supports their cryptocurrency operations model, which involves reallocating power to the grid during peak demand periods. This approach aligns with the growing trend of utilizing Bitcoin mining to help stabilize the power grid.

Original Link

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.