Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report
Cointelegraph
Aluminum manufacturer Alcoa is nearing a deal to sell its inactive Massena East smelter to Bitcoin mining firm NYDIG.Summary
Alcoa is reportedly in advanced discussions to sell its long-idle Massena East smelter in New York to NYDIG, a Bitcoin mining firm. The site, which has been inactive since 2014, is highly desirable for digital infrastructure due to its pre-existing high-capacity grid connections and access to low-cost, low-carbon hydropower. This transaction follows a broader industry trend where retired industrial facilities are being repurposed for Bitcoin mining and AI data centers, as miners seek to diversify revenue streams amid shifting market conditions.
(Source：Cointelegraph)