Company Uses Junk Bonds to Convert Aluminum Smelter into a Giant Mining Operation12.46

Coinmint LLC is turning to junk lending in order to fund a massive new mining operation. The project will repurpose a now-closed industrial site.

Coinmint LLC is in the midst of a project to transform an aluminum smelter into a massive crypto mining operation by turning to the debt market. The operation is taking place in Massena, New York, just south of the Canadian Border. The site itself is the former home of an unused industrial smelter previously owned by Alcoa Corp.

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