The New York Legislature has approved a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels
FILE - The Greenidge Generation bitcoin mining facility, in a former coal plant by Seneca Lake in Dresden, New York, is shown in this photo from Nov. 29, 2021. A milestone measure that would tap the brakes on the spread of cryptocurrency mining operations burning fossil fuels in New York has passed the state Legislature.
The bill, which supporters say is the first of its kind, now goes to Democratic Gov. Kathy Hochul for consideration. The governor has said she want to make sure any legislation balances economic and environmental concerns. “Governor Hochul signing this legislation sends a signal that New York state is serious about meeting its climate mandates. It shows us that we cannot be re-powering fossil fuel power plants for the purposes of private gain in New York, especially as we’re looking to move away from fossil fuels entirely,” said Liz Moran of Earthjustice.
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