Traditional industrial assets are being repriced, with computing infrastructure becoming the new frontrunner. According to reports, Alcoa is close to reaching an agreement to sell its long-shutdown Massena East aluminum smelting plant in New York State to Bitcoin mining company NYDIG, with the deal expected to close by mid-year. CEO Bill Oplinger has confirmed the progress. Since its closure in 2014, this smelting plant, which has access to high-capacity power grids, mature transmission facilities, and stable hydroelectric resources, is transforming from a “high-energy industrial legacy” into a “low-carbon computing infrastructure prime asset.” For mining farms and data centers, such assets have natural advantages. What’s more noteworthy is that this is not an isolated event. Previously, Century Aluminum sold its smelting plant to TeraWulf for conversion into AI and high-performance computing data centers. The underlying trend is very clear: Traditional manufacturing land is shifting toward “computing + energy” integrated infrastructure. Meanwhile, as mining profits continue to be under pressure, mining companies including MARA, Hive, and Hut 8 are accelerating their transition into AI and cloud computing. This is not just a simple business expansion but a fundamental restructuring of the business model— The future of mining competition is essentially a three-dimensional game of “energy + computing + AI demand.” Follow me for ongoing analysis of the capital migration behind the integration of the crypto market and the real economy.

$BTC Currently, it's still uncertain whether this is the top. But yesterday, I saw $OTHERS fake breakout back into the range, many altcoins formed double tops and triple tops, and then a basket of altcoins was emptied. The decline was very smooth. No longer in the pattern, all profits have been taken.

State of crypto: $292M drained from Kelp DAO in the biggest exploit of 2026. Bitcoin ripping on geopolitics, then reversing hours later. $593M in shorts liquidated as bears got squeezed. BlackRock adds another $284M while institutions keep buying panic. Morgan Stanley launches a Bitcoin ETF with public wallet tracking. SEC still swinging enforcement actions. North Korea linked to another nine-figure hack after months inside the project. Chaos at the surface. Adoption underneath?