Alcoa sells New York aluminum smelter to data center developer for $315M

Alcoa has agreed to sell parts of its former Massena East aluminum smelter in upstate New York to an unnamed data center firm for up to $315 million. The buyer is widely linked to crypto miner NYDIG, whose affiliate North Country Colocation Services filed plans for a campus of up to 635MW. The deal is expected to close within six months.

• Alcoa expects $50–65M at closing and up to $250M more as capacity is commissioned
• The 1,600-acre site closed in 2014 and is initially permitted for 180MW
• North Country Colocation Services plans 635MW across 870,000 sq ft
• Alcoa is seeking buyers for two more former smelter sites