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	Private-equity firm revives zombie fossil-fuel power plant to mine bitcoin Crypto News May 28, 2021 by Tim De Chant Few bitcoin projects illustrate the cryptocurrency's enormous climate impact better than the Greenidge power plant in upstate New York. The once-abandoned power plant was bought by private equity firm Atlas Holdings and retasked. A significant portion of Greenidge's electricity no longer powers nearby homes or businesses; rather, the plant's smokestacks are increasingly pouring pollutants into the atmosphere in the service of mining bitcoin. tags: #crypto #new-york #fuel #mining #ny #electricity #impact #boom #machines #environmental #climate #greenidge #torrey #atlas-holdings #megawatts
Private-equity firm revives zombie fossil-fuel power plant to mine bitcoin Few bitcoin projects illustrate the cryptocurrency's enormous climate impact better than the Greenidge power plant in upstate New York. The once-abandoned power plant was bought by private equity firm Atlas Holdings and retasked. A significant portion of Greenidge's electricity no longer powers nearby homes or businesses; rather, the plant's smokestacks are increasingly pouring pollutants into the atmosphere in the service of mining bitcoin.
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