From smelters to servers: Alcoa to cash in on crypto’s thirst for energy

From smelters to servers: Alcoa to cash in on crypto’s thirst for energy

Alcoa is in advanced negotiations to sell its dormant Massena East smelter in upstate New York to Bitcoin mining firm NYDIG.

Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report

Alcoa is nearing a deal to sell its idle Massena East smelter to NYDIG as US industrial sites increasingly shift toward Bitcoin mining and AI data …

Alcoa to sell dormant smelter to NYDIG, signaling Bitcoin mining

Alcoa is reportedly closing in on a deal to sell its Massena East smelter site in upstate New York to New York Digital Investment Group (NYDIG), a strategy move that would repurpose idle industrial capacity for Bitcoin mining and other digital infrastructure. Bloomberg reported on Friday that the two parties are in advanced discussions, with an expected close in the middle of this year. Massena East, along the St. Lawrence River, has been dorman…

Alcoa nears deal to sell Massena East plant for Bitcoin mini

📉 Alcoa is close to selling its Massena East plant to NYDIG for Bitcoin mining operations. The site’s existing power infrastructure draws strong interest from $BTC mining firms. Continue Reading:Alcoa nears deal to sell Massena East plant for Bitcoin mining The post Alcoa nears deal to sell...

Alcoa in Talks to Sell Idle New York Smelter to Bitcoin Mining Firm NYDIG

Alcoa, the largest aluminum producer in the United States, is reportedly close to offloading its dormant Massena East smelter in upstate New York to bitcoin mining company New York Digital Investment Group (NYDIG). CEO Bill Oplinger confirmed the company is in advanced negotiations and anticipates the transaction will be finalized sometime in mid-2025. The Massena East facility has remained inactive since 2014, when Alcoa shuttered operations du…