The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Stocks•20 April 2026•

1 min read

Alcoa in Advanced Talks to Sell Dormant Smelter to Bitcoin Miner NYDIG

Key Facts

1Alcoa is in advanced talks to sell its dormant Massena East smelter in New York to Bitcoin mining firm NYDIG.

2The site has been inactive since 2014 but possesses robust power infrastructure and access to hydropower.

3The transaction is expected to close in the middle of 2026 according to CEO Bill Oplinger.

Version History

2 additional sources confirmed this story

Alcoa is in advanced negotiations to sell its dormant Massena East aluminum smelter in New York to Bitcoin mining firm NYDIG. The industrial site has been inactive since 2014 but remains highly valuable due to its robust power infrastructure and direct access to hydropower resources. According to Alcoa CEO Bill Oplinger, the transaction is projected to reach a final closing by the middle of 2026. This deal highlights a growing trend of repurposing legacy industrial assets into high-capacity data centers for digital mining and AI infrastructure. By offloading the site, Alcoa successfully monetizes a non-productive asset while NYDIG secures the essential energy grid connections required for large-scale cryptocurrency operations.