Alcoa Set to Leverage Crypto's Energy Demand by Repurposing Idle Smelter
Alcoa, the largest U.S. aluminum producer, is on the verge of selling its dormant Massena East smelter in upstate New York to New York Digital Investment Group (NYDIG), a firm specializing in Bitcoin mining, as it seeks to offload idle assets and meet the increasing demand for industrial sites with readily available energy infrastructure. According to Alcoa's CEO, Bill Oplinger, the negotiations …
April 18, 2026, 8:21 p.m.