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

Alcoa is in advanced talks to sell its dormant Massena, New York aluminum smelter to Bitcoin mining firm NYDIG, with a deal expected to close by mid-2026. The site, idle since 2014, is attractive due to its existing heavy-duty electrical infrastructure, including substations and grid connections capable of handling massive power loads, as well as access to low-cost hydroelectric power from the New York Power Authority. This follows a trend of crypto and data center firms repurposing deindustrialized sites for their built-in infrastructure. While many miners are diversifying into AI, NYDIG is doubling down on Bitcoin, having recently acquired Crusoe Energy's mining operations. The Massena deal represents a significant expansion of its Bitcoin-focused strategy.

bitcoinist04/19 20:01