Alcoa Set to Capitalize on Crypto's Energy Demands with Sale of Idle Smelter
Alcoa, the largest aluminum producer in the US, is on the verge of selling its dormant Massena East smelter in upstate New York to New York Digital Investment Group (NYDIG), a bitcoin mining firm, as it sheds unused assets and leverages the demand for industrial sites with readily available energy. According to Alcoa's CEO, Bill Oplinger, the company is engaged in advanced negotiations and antici…
April 18, 2026, 8:21 p.m.