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20.04.26 - 18:39
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report (ZeroHedge)
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report
Authored by Amin Haqshanas via CoinTelegraph.com,
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).
The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition.
Built for 24/7 heavy industrial operations, aluminum smelters come with pre-existing substations, transmission lines and high-capacity grid connections. That makes them attractive targets for Bitcoin miners and data center operators, who often spend years securing similar infrastructure approvals from scratch.
Massena East also benefits from hydropower supplied by the New York Powe...
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17.04.26 - 01:12
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Alcoa posts Q1 2026 result (Fool)
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Alcoa Q1 2026 results show higher profits and a positive outlook, led by strong aluminium pricing and operational progress.
The post Alcoa posts Q1 2026 result appeared first on The Motley Fool Australia....
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