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Apr 19, 2026

Alcoa Nears Deal to Sell Dormant New York Smelter to Bitcoin Miner NYDIG

Aluminum giant Alcoa is in advanced negotiations to sell its idle Massena East smelter in upstate New York to Bitcoin mining firm NYDIG, marking another industrial site conversion to crypto mining infrastructure.

Apr 19, 2026·3 sources
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Top claims

  • ▪BlackRock's recent $40 billion Aligned Data Centers buyout valued power sites at roughly $8 million per megawatt.
  • ▪BlackRock's $8 million per megawatt valuation for power sites significantly exceeds typical public Bitcoin miner valuations.
  • ▪NYDIG acquired Consensus Technology Group's roughly 120 MW of capacity across North Dakota, South Dakota, Pennsylvania, and Missouri in late 2024.

Topics

Energy & environmentInstitutional crypto adoptionCommodities, energy & critical mineralsBitcoin mining

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