Alcoa is in negotiations to sell its former aluminum smelter site to bitcoin miner NYDIG.
Foresight News reports that, according to Bloomberg, Alcoa Corp. is in negotiations to sell its former aluminum smelting plant located in upstate New York to Bitcoin miner NYDIG, with the transaction expected to be completed by mid-year.
Previously, Alcoa Corp.'s competitor, Century Aluminum Company, sold its Hawesville smelter in Kentucky to digital asset company TeraWulf. TeraWulf plans to build a "digital infrastructure park" at the site.
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