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Aluminum American is close to selling NYDIG the assets of the closed-down smelting plant in New York State

MeNews
ME News Report, April 18 (UTC+8), according to Bloomberg, Alcoa Corp., the American aluminum company, is close to reaching an agreement with Bitcoin mining company New York Digital Investment Group to sell its Massena East smelting plant assets in New York State, expected to be completed by mid-year. This transaction is part of its plan to dispose of idle industrial assets. As data centers' demand for power infrastructure increases, such industrial sites are attracting more attention. (Source: MLion)
BTC0.57%
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BlackVelvetBluePeony
· 4h ago
Smelting plant becomes a mine, the metaphor of American manufacturing is all too real
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IHateFalseProsperity.
· 9h ago
Alcoa sells factories for cash, NYDIG acquires factories for mining, a win-win?
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BearMarketInAPaperCup
· 22h ago
From aluminum to BTC, the same electricity tells different stories
View OriginalReply0
Mirror-FinishTeacupWith
· 22h ago
NYDIG has a pretty deep background and dares to take on such big orders.
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TwoFactorZen
· 22h ago
Traditional industries are withdrawing, and computing infrastructure is entering; this transition is happening much faster than I imagined.
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GateUser-06596f3b
· 22h ago
Data centers competing for power, now even smelting plants that are about to close are not spared
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MoonlightDisconnectSwitch
· 22h ago
Is the transaction amount not disclosed? Curious about the valuation.
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RouterRunner
· 22h ago
Industrial relics become computing power centers, happening worldwide
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GateUser-f49a50d4
· 22h ago
Idle industrial assets = natural mines, I accept that logic.
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AirdropCheck-InOfficer
· 22h ago
Alcoa has been shrinking over the past few years, not surprising
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