CCAA Newsletter (volume 3, issue 10) Burning Fossil Fuels for Bitcoin
If Greenidge is allowed to proceed, a precedent will have been established, and other investors will surely look at power stations for private operations that do nothing to help this country’s energy transition off fossil fuels. By way of contrast, China labelled bitcoin mining as “highly polluting” in 2019, and banned the practice entirely in September 2021.
