Alcoa Set to Capitalize on 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 firm, as it seeks to divest dormant assets and cater to the growing demand for industrial sites with existing energy infrastructure. According to Alcoa's CEO, Bill Oplinger, the company is in advanced negotiations …
April 18, 2026, 8:21 p.m.