New York faces a new legal fight over a proposed crypto-mining power plant

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New York faces a new legal fight over a proposed crypto-mining power plant
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“My oldest son has asthma and I worry about how the pollution will affect him.”

Cryptocurrency mining rigs operate in a cargo container in Kutaisi, Georgia, on Monday, January 22nd, 2018.Environmental groups are pushing New York state to scrutinize a crypto mining company’s purchase of a gas-fired power plant, contending in a new lawsuit that turning the power plant into a crypto mine would go against the state’s climate goals and dump more pollution on nearby neighborhoods.on Friday that challenges the New York Public Service Commission’s approval of the sale.

Digihost petitioned the PSC to approve the purchase of Fortistar back in April 2021. It planned to run the plant “24/7” to power its crypto mining rigs, according to an environmental assessment form the company filed to North Tonawanda later that year. Crypto companies burn through enormous amounts of electricity to mine Bitcoin,. To validate new transactions on Bitcoin’s blockchain and earn new tokens in return, “miners” have to solve difficult computational puzzles using specialized hardware.

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