Alcoa Set to Capitalize on Crypto's Energy Demand by Repurposing Idle Smelter
Alcoa, the largest U.S. aluminum producer, is on the verge of selling its inactive Massena East smelter in upstate New York to New York Digital Investment Group (NYDIG), a Bitcoin mining firm, as part of its efforts to divest idle assets and capitalize on the growing demand for energy-intensive industrial sites. According to CEO Bill Oplinger, the company is in advanced negotiations, with the dea…
April 18, 2026, 8:21 p.m.