Greenidge Build Solar Farm Bitcoin

Bitcoin mining firm Greenidge Generation announced today its plans to expedite the closure of a forty-year-old coal ash landfill in the Finger Lakes region, New York, and turn it into a new solar farm.

“I am thrilled that the success of our clean bitcoin mining operation is not only creating great high-tech jobs for residents here, and supporting local businesses, but will now also facilitate the development of renewable energy at this old landfill site,” said Dale Irwin, President of Greenidge Generation Holdings Inc.

The company, which in May committed to being carbon neutral by 2021, has since been purchasing carbon offsets from a portfolio of U.S. greenhouse gas reduction projects. The goal was to offset the carbon footprint of its natural gas-powered bitcoin mining plant in Upstate New York by June.

Now, Greenidge will reinvest part of that plant’s profits to repurpose the old Lockwood Hills coal ash landfill into a new solar farm. The company intends to work with the New York State Department of Environmental Conservation to “safely cap and close the landfill and relinquish its existing permit to operate the site,” the announcement said.

Greenidge said it plans to launch a Request for Proposals to evaluate the solar farm project, which it expects to generate up to 5 megawatts of power.

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