"Alcoa is in advanced talks to sell its Massena East aluminum smelter site to NYDIG, with a deal expected to close by mid-2026. The facility already hosts approximately 54,000 bitcoin miners and has been operational as a bitcoin mining campus since 2018."
"The deal would transfer full ownership of the approximately 435 MW hydropower-connected campus along the St. Lawrence River to NYDIG, which already holds a strategic stake in the site's existing bitcoin mining operation."
"NYDIG's acquisition follows its March 2025 agreement to buy Crusoe Energy's bitcoin mining business, adding over 270 MW of capacity, further expanding its influence in the bitcoin mining sector."
Alcoa Corp. is in advanced negotiations to sell its idled Massena East aluminum smelter site in New York to NYDIG, a bitcoin mining firm. The facility, with a capacity of 435 MW, currently hosts around 54,000 bitcoin miners. NYDIG previously invested in Coinmint, which operates at the site. The acquisition would grant NYDIG full ownership of the hydropower-connected campus. Alcoa's CEO confirmed the negotiations, anticipating a deal closure by mid-2026. The site has been a bitcoin mining campus since 2018, drawing significant power for its operations.
Read at news.bitcoin.com
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