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Alcoa has been trying to sell 10 former smelter sites in the US, capitalizing on increasing appetite for energy infrastructure from data center developers. Demand for such legacy industrial sites has surged alongside growth in artificial intelligence and cloud computing services, which require significant amounts of electricity.
In February, Alcoa’s competitor Century Aluminum Co. sold its Hawesville smelter in Kentucky to TeraWulf Inc., a digital asset firm that’s planning to build a “digital infrastructure campus” on the site.
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