Alcoa Is Close to a Deal to Sell Smelter Site to Bitcoin Miner

Alcoa Corp. is in advanced talks to sell a former smelter site in upstate New York to Bitcoin mining firm NYDIG as part of its plans to dispose of its dormant assets.

The top US aluminum producer is “close to a deal with NYDIG” for its Massena East site along the St. Lawrence River and that “it should be done in the middle part of this year,” Chief Executive Officer Bill Oplinger said in a Friday interview.

Alcoa has been trying to sell 10 former smelter sites in the US, capitalizing on increasing appetite for energy infrastructure from data center ...