Alcoa Seeks to Leverage Crypto's Energy Demand by Selling Idle Smelter
Alcoa, the largest aluminum producer in the US, 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 strategy to divest idle assets and meet the rising demand for industrial sites with readily available energy. According to Alcoa's CEO, Bill Oplinger, the deal is expected to be finalize…
April 18, 2026, 8:21 p.m.