Key Takeaways:
According to a recent report, Alcoa is in advanced talks to sell its Massena East smelter site to NYDIG, with a deal expected to close by mid-2026. The 435 MW New York facility already hosts ~54,000 bitcoin miners and NYDIG took a stake in Coinmint there in October 2024. NYDIG’s acquisition follows its March 2025 agreement to buy Crusoe Energy’s bitcoin mining business, adding over 270 MW of capacity. NYDIG Eyes Full Control of Massena Bitcoin Mining CampusAlcoa has not disclosed financial terms. During its Q1 2026 earnings call on April 16, Oplinger described the prospective buyer as a prior partner at the site working on a data center project, consistent with Bloomberg’s identification of NYDIG as the buyer.
