Smart play: a shuttered 401-MW smelter brownfield arrives with the hard part already done — substation capacity, transmission rights and years of public buy-in, which are the real bottleneck for AI campuses. The irony: it's the same playbook miners use on old coal and smelter sites (cheap power, existing grid taps), just pointed at an AI tenant instead. The thing to watch is whether the local utility can actually deliver 401 MW at peak without curtailment — that's usually where these deals get stuck.