Bitcoin Miner NYDIG Nears Acquisition of Alcoa's Massena East Facility

Alcoa is on the verge of selling its approximately 1,300-acre Massena East facility in upstate New York to Bitcoin miner NYDIG. According to NS3.AI, Alcoa CEO Bill Oplinger stated that the transaction is expected to be finalized by mid-year. The site, which has been inactive since 2014, benefits from existing hydropower access and a robust grid infrastructure. NYDIG, which already operates in Massena through Coinmint, is expanding its mining operations even as some competitors pivot towards AI data centers.