BBX: Alcoa Aluminum Plant Sales Negotiations Confirmed, TeraWulf Completed $1 Billion Financing

BBX News: Aluminum giant Alcoa has confirmed the monetization of 1300 acres of New York industrial sites into a Bitcoin mine; TeraWulf has completed a $1 billion equity financing, with over half of its Q1 revenue coming from HPC custody. The key validation of the mining company's revenue structure transformation towards a computing infrastructure operator has been completed. Core points: Alcoa (NYSE: AA): CEO confirms' near agreement 'with NYDIG for sale of Masina East aluminum plant, expected to be completed by mid year; NYDIG has held actual operational presence at the address through Coinmint; Q1 revenue was $31.9 billion, with a 5.9% drop in stock price. TeraWulf (NASDAQ: WULF): Completed 54510000 shares/$19.00 issuance on April 16, with a net amount of approximately $1 billion; Q1 revenue of $30-35 million, with over 50% coming from HPC custody, cash of $3.1 billion, and a credit limit of $250 million pending. Source: bbx.com