Polaris Technologies is opening a cryptocurrency mining facility in Muskogee, where the $100 million investment will bring dozens of tech jobs to the area.
A cryptocurrency Mining facility is being built in Mogi Leaders with the port of Mogi say it represents a $100 million investment and will bring dozens of good tech jobs to the area news on six’s Matt Ron is live with why the company chose to build its facility there Matt Craig Gloria 200 megawatt
Data center needs a lot of power that’s why Oklahoma based Polaris technologies will bring their Center to John T Griffin industrial park in Mogi the data center is mostly made up of these containers that house super super computers tasked with the job of solving complex puzzles in order to mine
Bitcoin a process that uses a lot of electricity that is our control room Polaris technology coo Alex Jung says it will come from a nearby OG substation substation over there has 1 GW capacity so we are not using all of them we’re just using part of that the data center
Will be capable of using 200 megaw of electricity at Peak demand for context the Walmart Super Center only uses one megawatt Jung says to keep the stress on the power grid low they will turn off the supercomputers to save energy during Peak demand when the residential really need that energy we’ll we’ll stop
Operation and get get this energy back to the residential one it’s not just servers in a container doing all the work Jung says 20 employees will be hired by the time phase one is complete this April another 20 full-time employee by the end of this year complete the second phase there are also
Plans for a repair center that will require around 20 highly trained technicians are well paid and really welcome local folks to get on board and we train them and get them paid well Jung hopes to make a positive impact on the community with this huge project he
Says he is excited to work with local talent now phase two of this expansion will add another 200 megawatt facility creating another 20 jobs Matt Ron Oklahoma Zone news on six