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Aluminum American Approaching Sale of New York State Smelting Plant Assets to NYDIG

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)
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MevTeaDrinker
· 9h ago
The battle for power infrastructure has just begun
View OriginalReply0
PineLiquidityPool
· 13h ago
Closed smelting plants have buyers, Alcoa wins-win
View OriginalReply0
MoonlightShellPool
· 13h ago
Idle industrial assets → data centers, the transformation narrative is fully ramped up
View OriginalReply0
FeeMarketMonk
· 13h ago
Smelting plant becomes a mine, another form of 'reflow' in American manufacturing
View OriginalReply0
Front-RunningArbitrage
· 13h ago
Mid-year delivery, let's see how NYDIG transforms this smelter then.
View OriginalReply0
OrigamiMountains
· 13h ago
Alcoa sells its factory/plant to mining companies—the electricity in Massena really is great value.
View OriginalReply0
PaperhandsPoet
· 14h ago
Traditional industries exit, computing infrastructure enters, this script is familiar.
View OriginalReply0
AprDaydream
· 14h ago
Bloomberg's news, it seems it's a done deal?
View OriginalReply0

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