US Rejection Decision on Bitcoin (BTC) Mining

According to the statements recorded today; The New York State Department of Environmental Conservation (NYSDEC) announced that they rejected the latest operating permit application of Bitcoin (BTC) mining company Greenidge Generation.

Greenidge Generation, which continues Bitcoin and cryptocurrency mining activities using carbon fuel, will not be able to mine with the decision taken today. NYSDEC aims to reduce greenhouse gas emissions in New York by 85% by 2050. For this reason, it decides to stop the activities of companies that mine BTC using carbon fuel. Greenidge Generation is expanding its Bitcoin mining operations. The company, which has also increased its equipment, has taken a heavy blow from the New York State Department of Environmental Conservation, which aims to reduce harmful gas output. The fact that companies engaged in cryptocurrency mining activities face such bans creates great negativity for the crypto sector. Although Greenidge Generation will continue to apply to NYSDEC in the future, it is estimated that the US will continue to have a negative attitude towards Bitcoin (BTC) mining activities using carbon fuel. Source: kriptopiyasasi.com The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein, which are in no way directive in nature, are of a general nature.