Alcoa nears deal to sell dormant New York smelter site to Bitcoin miner NYDIG: Bloomberg
The Block
Alcoa is in advanced talks to sell its inactive Massena East smelter facility in New York to Bitcoin mining firm NYDIG.Summary
Alcoa is finalizing a deal to sell its shuttered Massena East aluminum smelter site in New York to NYDIG, a Bitcoin mining firm. The facility, which has been idled since 2014, is highly valued for its direct access to New York Power Authority hydropower. This transaction aligns with a trend of repurposed industrial sites being converted into digital infrastructure. While many other mining companies are pivoting toward AI and high-performance computing to capitalize on higher power valuations, NYDIG continues to expand its footprint in Bitcoin mining through strategic acquisitions.
(Source：The Block)