Alcoa sells smelter site to Bitcoin miner NYDIG

Alcoa is reportedly close to finalizing a deal to sell a dormant aluminum smelter site in New York to NYDIG, a prominent Bitcoin mining company. This transaction is part of Alcoa's broader strategy to divest several of its inactive U.S. smelter locations. The sale is anticipated to be completed by mid-year, marking a significant move for both the aluminum producer and the cryptocurrency mining sector as it potentially expands its operational footprint.