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Alcoa in Advanced Talks to Sell Massena Smelter Site to Bitcoin Miner NYDIG

GateNews
bitcoin newsStocks
BTC0.81%

Gate News message, April 17 — Alcoa Corp., the top U.S. aluminum producer, is in advanced negotiations to sell its Massena East smelter site to Bitcoin mining firm NYDIG, according to Chief Executive Officer Bill Oplinger. The transaction is expected to close in the middle of this year as part of Alcoa's plan to dispose of dormant assets.

The Massena East property is located along the St. Lawrence River in upstate New York. Oplinger said the company is "close to a deal" with NYDIG for the site.

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