Alcoa plans to sell its idle aluminum smelter to NYDIG for use as Bitcoin mining infrastructure.

According to Mars Finance, Alcoa is close to finalizing a deal with Bitcoin mining company NYDIG to sell its idle Massena East aluminum smelter in New York State, with completion expected by mid-year. The plant, which ceased operation in 2014, includes a substation, transmission lines, and high-capacity grid connection, and can utilize hydroelectric power from the New York State Power Authority, making it attractive to Bitcoin miners and data center operators. The report also notes that some decommissioned industrial sites in the United States are being converted into Bitcoin mining, artificial intelligence, and high-performance computing facilities.