The future of Bitcoin mining in Northern New York is undergoing a transformative shift, as Coinmint—parent company of North Country Colocation Services (NCCS)—announces a major strategic partnership with NYDIG to expand its operations at the former Alcoa East plant in Massena. This collaboration marks a pivotal moment not only for the company but for the entire North Country region, signaling long-term economic growth, job creation, and technological advancement in the digital asset infrastructure space.
A Strategic Partnership for Sustainable Growth
NCCS, one of St. Lawrence County’s largest taxpayers, has entered into a strategic capital agreement with NYDIG, a New York-based financial services and infrastructure firm exclusively focused on Bitcoin. The investment will fuel a significant expansion of NCCS’s mining capabilities, enabling the company to scale operations across the massive industrial site that once housed aluminum smelting lines.
David Fogel, CEO of NCCS, emphasized the importance of this partnership during a special employee recognition and town hall event held at the Massena facility on October 16:
“This is a very exciting and transformative day for this company. For the past three years we've been working tirelessly towards ensuring job security for everyone here. This transaction gives us the long-term stability and security we’ve been striving for.”
Fogel highlighted that NYDIG is not just a financial backer but also one of NCCS’s most knowledgeable and valued customers—making the alliance both strategic and synergistic.
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Expanding Operations Across a Historic Industrial Site
Currently, NCCS operates approximately 54,000 Bitcoin miners across four of the site’s six former smelting lines. Each line stretches about the length of five football fields, offering vast physical capacity for expansion. The facility currently utilizes 166 megawatts of its approved 435-megawatt power allocation, drawing clean, renewable energy from the nearby Moses-Saunders hydroelectric dam—a key advantage in sustainable cryptocurrency mining.
The expansion aims to eventually activate all six smelting lines, significantly increasing hashpower output and operational efficiency. To achieve this, NCCS plans to replace current shipping container-based setups with advanced rack systems that allow denser, more efficient deployment of mining hardware.
These new rack systems offer several benefits:
- Easier access for technicians during installation and maintenance
- Improved airflow and cooling efficiency
- Higher density of miners per square foot
- Scalability for future upgrades
Additionally, upgrades to the electrical infrastructure, cranes, and underutilized production lines will support seamless scaling over the coming years.
Job Creation and Community Investment
One of the most impactful outcomes of this expansion is job growth. NCCS currently employs around 85 full-time workers across its Massena and Plattsburgh facilities. With the new investment, officials project a substantial increase in local hiring over the next several years—spanning technical roles, facility management, logistics, and administrative support.
Beyond employment, NCCS has consistently contributed to community development. As an active benefactor, the company has supported:
- Massena Fire Department
- Massena First Responders
- Massena Central School District
- Rockin’ The River music festivals
- Various local charities and nonprofit events
Fogel reaffirmed the company’s commitment:
“This investment reinforces our dedication to Northern New York. By expanding operations, we’re creating more jobs and building long-term stability for employees and their families.”
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Empowering Employees: Recognition and Rewards
Recognizing that people are at the heart of operational success, NYDIG CEO Tejas Shah joined Fogel in announcing a $500,000 employee bonus pool for all staff in Massena and Plattsburgh. The one-time bonuses are distributed based on service tenure and are in addition to existing performance incentives.
Shah praised the team’s operational excellence:
“Over the past several years, we’ve viewed this site as a premier Bitcoin mining facility in the country. The dedication and skill of every technician and manager here give us deep confidence in NCCS’s long-term growth.”
This gesture underscores a shared value between both companies: investing in human capital as much as technological infrastructure.
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Frequently Asked Questions (FAQ)
Q: What is Coinmint’s relationship with NCCS?
A: Coinmint is the parent company of North Country Colocation Services (NCCS), which operates large-scale Bitcoin mining facilities in Massena and Plattsburgh, NY.
Q: Where does NCCS get its power supply?
A: The Massena facility draws electricity from the Moses-Saunders hydroelectric dam, providing access to low-cost, renewable energy ideal for energy-intensive mining operations.
Q: How many employees does NCCS currently have?
A: NCCS employs approximately 85 full-time workers across its two locations, with plans for significant hiring as part of its expansion.
Q: Will the expansion increase environmental impact?
A: No—because the facility uses hydroelectric power, its carbon footprint remains minimal. The upgrade to more efficient hardware will further improve energy efficiency per unit of hashpower.
Q: What role does NYDIG play in this partnership?
A: NYDIG provides strategic capital investment and industry expertise, strengthening Coinmint’s financial position while supporting long-term growth and operational resilience.
Q: Are there timelines or funding amounts disclosed for the project?
A: As of now, no official timeline or financial figure has been released. However, both companies confirm they are moving forward diligently on next steps.
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Looking Ahead: A Model for Regional Tech Development
With final regulations for data mining and crypto operations recently approved by the Massena Town Board, the path forward is clear. NCCS intends to prioritize local and regional suppliers for construction, electrical work, equipment maintenance, and logistics—further amplifying economic benefits across Northern New York.
This project exemplifies how legacy industrial sites can be repurposed into hubs of innovation through public-private collaboration, clean energy utilization, and forward-thinking investment.
As David Fogel concluded:
“This really is a huge day for NCCS. We’re proud of this partnership—it sets us up for success for many years to come. This expansion will be transformative.”
The convergence of sustainable energy, cutting-edge technology, and community-focused growth positions Massena as a national model for responsible Bitcoin mining development in 2025 and beyond.