Alcoa (AA) reportedly close to a deal to sell smelter site to bitcoin miner, via Bloomberg
Alcoa is reportedly close to selling its smelter site to a bitcoin miner, which could indicate a strategic shift towards capitalizing on the growing cryptocurrency sector.
Investors placed USD 760mln bet on falling oil price around 20 minutes before Iran's Foreign Minister announced the Strait of Hormuz was open, according to Reuters
Sources told the Saudi Al-Sharq channel that the US is expected to host a second round of negotiations between Israel and Lebanon next week
Alcoa (AA) reportedly close to a deal to sell smelter site to bitcoin miner, via Bloomberg
The head of the International Maritime Organization told Al Jazeera: I urge caution regarding crossing the Strait of Hormuz, and we need guarantees.
Saudi Finance Minister Al Jadaan says opening the Strait of Hormuz announcement is a good thing; will take a bit of time for producing countries to ramp up at this point
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This move might reflect both an effort to divest non-core assets and a potential pivot to greener business practices given the energy demands of bitcoin mining. Market participants should consider the implications for Alcoa's future investments and how this aligns with broader trends in corporate sustainability and digital currency integration.
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