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The legislation only prevents the opening of new operations.
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The environmental conservation agency said emissions from the Greenidge Generation Facility's Bitcoin mining operation conflicts with the state's climate plan.
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The bill imposes a moratorium on new and renewed permits at fossil fuel-burning plants for a type of crypto mining known as proof-of-work. The process to create bitcoin relies on large amounts of energy.
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Gov. Hochul was criticized by environmental activists for delaying her decision to renew air pollution permits for the Greenidge crypto mining facility.
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The Greenridge plant, located on Seneca Lake, is facing calls to shut down.