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.

From Aluminum To Bitcoin: Alcoa To Sell Dormant Plant To NYDIG

Bitcoin mining firm NYDIG already has skin in the game at the Massena, New York site — it holds a stake in Coinmint, which runs mining hardware there under a long-term lease. Now the company wants the land itself. Related Reading: Hong Kong Crypto Scam Shock: Woman Loses Nearly $1 Million As AI Fraud Surges […]

Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report – #CryptoUpdatesGNIT

US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid r…

Alcoa moves toward sale of New York smelter site to NYDIG

Alcoa is close to selling its New York smelter site to NYDIG, expanding Bitcoin mining at the 1,300-acre Massena East facility.

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…

Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report

Alcoa is in advanced talks to sell its long-idle New York smelter to NYDIG, highlighting a growing US trend of converting legacy industrial sites into crypto and AI infrastructure.