Alcoa to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure

BTC-1.39%

Gate News message, April 19 — Alcoa, the U.S. aluminum producer, is set to complete a transaction with bitcoin miner NYDIG to sell its idle Massena East aluminum smelter in New York, with the deal expected to close by mid-2026. The facility, which has been dormant since 2014, is equipped with a substation, transmission lines, and high-capacity grid access, and can utilize hydroelectric power from the New York Power Authority, making it attractive for bitcoin mining and data center operations.

The sale reflects a broader trend in the U.S., where retired industrial sites are being repurposed for bitcoin mining, artificial intelligence, and high-performance computing infrastructure.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments