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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report
Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report
Authored by Amin Haqshanas via CoinTelegraph.com,
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).
The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy...
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