Alcoa Set to Capitalize on Crypto's Energy Demands 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 efforts to divest dormant assets and capitalize on the demand for industrial sites with readily available energy. According to Alcoa's CEO, Bill Oplinger, the company is in advanced nego…
April 18, 2026, 8:21 p.m.