Aluminum giant Alcoa is making significant changes in its operations by selling one of its idle facilities to a prominent player in the cryptocurrency industry.
The Massena East smelter, located along the St. Lawrence River in upstate New York, has been inactive since 2014 due to rising energy costs and global competition.
According to recent reports, Alcoa is in advanced discussions with NYDIG, a leading Bitcoin mining firm, to transfer ownership of the site.