NYSE:AAMetals and Mining
Alcoa Weighs Messina Bitcoin Deal As Valuation Gap Draws Attention
Alcoa is in talks to sell its defunct Messina smelter to NYDIG for conversion into a large scale Bitcoin mining data center.
The deal would repurpose an inactive industrial site into a cryptocurrency-focused facility backed by a digital asset manager.
The potential transaction connects legacy aluminum production assets with the growing demand for energy intensive computing infrastructure.
For Alcoa (NYSE:AA), the Messina negotiations arrive with the stock at $67.15 and substantial long term...