From smelters to servers: Alcoa to cash in on crypto’s thirst for energy
CoinDesk·2h ago·Neutral
What Happened
Alcoa, America's largest aluminum producer, is selling its idle Massena East smelter in New York to bitcoin firm NYDIG. The facility, closed since 2014, features existing power infrastructure and hydropower access, eliminating years of grid connection delays for cryptocurrency miners. The deal exemplifies industrial asset repurposing for digital infrastructure demands.
Key Entities
AlcoaNYDIGMassena East smelterNew YorkBitcoinTeraWulfCentury Aluminum