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Alcoa plans to sell idle aluminum smelters to NYDIG for Bitcoin mining infrastructure
Mars Finance News: Alcoa, the American aluminum company, is about to reach an agreement with Bitcoin mining firm NYDIG to sell its idle Massena East aluminum smelting plant in New York State, with completion expected mid-year. The plant has been shut down since 2014, with supporting substation, transmission lines, and high-capacity power grid access, and can utilize hydroelectric resources provided by the New York Power Authority, making it attractive to Bitcoin miners and data center operators. Reports indicate that some decommissioned industrial sites in the United States are being transformed into Bitcoin mining, artificial intelligence, and high-performance computing facilities.