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Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Photo voltaic Farm – Mining Bitcoin Information


Following the announcement from Greenidge Technology Holdings that detailed the corporate could be selling a carbon-neutral stance, and the agency’s latest partnership with Foundry, Greenidge revealed on Thursday it’s investing income right into a renewable vitality funding program. The corporate is within the midst of expediting the closure of a coal ash landfill with a purpose to assemble a brand new photo voltaic farm.

Greenidge Invests in Renewable Vitality Funding Program

In 2014, the Lockwood Hills landfill in Dresden, New York was bought by Lockwood Hills LLC, which is a subsidiary of Greenidge. The positioning has been “safely maintained” during the last seven years, Greenidge claims, and it ended the usage of coal-fired energy on the adjoining energy facility throughout that point. The announcement on Thursday says the corporate plans to securely cap and shut down the landfill and Greenidge hopes to put in “a photo voltaic undertaking throughout the 143-acre web site that can produce as much as 5MW of energy.”

The bitcoin mining firm says that the transfer is aligned with the agency’s efforts to enhance the setting in New York. Whereas it’s engaged on initiatives just like the Lockwood Hills landfill, Greenidge particulars it’s buying voluntary carbon offsets from U.S. greenhouse gasoline discount initiatives. Jeff Kirt, CEO of Greenidge, believes bitcoin mining fashions can advance operations in a means that retains the setting protected.

“Bitcoin mining at Greenidge is already a mannequin for the trade in that we’re advancing this rising monetary platform for folks the world over in a way that totally protects our surroundings and drives financial development throughout Upstate New York,” Kirt stated in a press release. The transfer makes renewable vitality a actuality by leveraging bitcoin mining income to fund the creation of a brand new photo voltaic farm at a landfill web site, Kirt added.

Greenidge President Says Bitcoin Mining Provides Jobs, Helps Native Neighborhood and Can Assist the Setting

Greenidge is only one of many crypto mining initiatives making an attempt to rejuvenate the setting by reworking enterprise fashions and eradicating waste by means of the method. As an illustration, Stronghold Digital Mining converts waste coal into various vitality with a purpose to mine bitcoin and different cryptocurrencies. On the finish of Might, EZ Blockchain partnered with a Texas-based oil supplier to monetize wasted pure gasoline with bitcoin.

Earlier than Greenidge’s acquisition in 2014, the Lockwood Landfill was permitted to carry coal combustion residuals (CCR) and different wastes. Greenidge particulars that it’ll guarantee “the location will now not settle for waste of any variety,” add a water filtration system, and a everlasting engineered membrane to cease erosion.

“For these of us who grew up and nonetheless dwell proper right here within the Finger Lakes, the Lockwood Hills landfill has been a relentless presence, overlooking Seneca Lake and the Village of Dresden, and one thing we at all times hoped would finally not be wanted,” Greenidge president Dale Irwin stated in a press release.

Irwin added that he was happy that bitcoin mining services cannot solely create jobs and help native companies, however crypto mining operations may also “facilitate the event of renewable vitality at this outdated landfill web site.”

What do you consider Greenidge changing the Lockwood Hills landfill in New York? Tell us what you consider this topic within the feedback part beneath.

Tags on this story
143-acre web site, 5MW, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, Carbon Impartial, CEO of Greenidge, Coal, combustion residuals, crypto mining, Dale Irwin, Dresden, Vitality, setting, EZ Blockchain, Finger Lakes, Greenidge, Greenidge Technology Holdings, Jeff Kirt, Lockwood Hills landfill, mining firm, big apple, Renewable Vitality, Photo voltaic, Photo voltaic Farm, Stronghold, waste

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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