Bitcoin Miner NYDIG in Talks to Acquire Alcoa's Dormant Smelter Site

Alcoa is reportedly in advanced negotiations to sell its inactive Massena East smelter site in New York to Bitcoin miner NYDIG. According to NS3.AI, Alcoa's CEO Bill Oplinger indicated that the deal is expected to be finalized by the middle of this year. The site, which has been inactive since 2014, benefits from hydropower supplied by the New York Power Authority. This acquisition would further NYDIG's expansion in the Bitcoin mining sector, following its strategic investment in Coinmint in October 2024 and its agreement in March 2025 to purchase Crusoe Energy's Bitcoin mining operations.