Environment

Greenidge reached a settlement securing a five-year air permit after committing to cut greenhouse gas emissions by 44% over four years, a move that sent its stock higher. The deal underlines growing regulatory scrutiny of bitcoin mining and sets a potential template for environmentally focused mining operations.

A recent United Nations University study highlights the significant environmental impact of Bitcoin mining, including heavy reliance on fossil fuels and enormous energy consumption. The report urges investment in energy-efficient cryptocurrencies and government intervention to reduce carbon emissions.