Alcoa Set to Leverage Crypto's Energy Demand by Selling Idle Smelter
Alcoa, the largest US aluminum producer, is on the verge of selling its unused Massena East smelter in upstate New York to New York Digital Investment Group (NYDIG), a Bitcoin mining firm, as part of its strategy to offload idle assets and meet the growing demand for energy-ready sites. According to Alcoa's CEO, Bill Oplinger, the company is in advanced negotiations and expects the sale to be fin…
April 18, 2026, 8:21 p.m.