Alcoa Nears Sale of Idle New York Smelter to NYDIG for Bitcoin Mining Use

Alcoa is in talks to sell its idle Massena East aluminum smelter in upstate New York to Bitcoin mining firm NYDIG. The smelter, which has been closed since 2014, offers existing heavy electrical infrastructure and hydropower access, making it suitable for digital asset mining. The transaction aligns with Alcoa's strategy to divest underperforming U.S. smelter assets.