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Oklahoma-Based Company Building Cryptocurrency Mining Facility In Muskogee

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Oklahoma-Based Company Building Cryptocurrency Mining Facility In Muskogee

A cryptocurrency mining facility is being built in Muskogee.

Leaders with Port Muskogee say it represents a $100 million investment and will bring dozens of tech jobs to the area.

A 200-megawatt data center needs a lot of power. That’s why Oklahoma-based Polaris Technologies will bring its center John T. Griffin Industrial Park in Muskogee.

The data center is mostly made up of these containers that house super-computers tasked with the job of solving complex puzzles to mine Bitcoin, a process that uses a lot of electricity. Polaris Technologies COO Alex Zhang says it will come from a nearby OG&E substation.

“The substation over there has 1 gigawatt capacity so we are not using all of them, just using part of that,” Zhang said.

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The data center is capable of using 200 megawatts of electricity at peak demand. For context, a Walmart Supercenter uses only 1 megawatt. Zhang said to keep the stress on the power grid low, they will turn off the supercomputers to save energy during peak demand.

“When the residents really need the energy, we’ll stop the operation and get the energy back to the residential one,” Zhang said.

It’s not just servers in a container doing all the work. Zhang says 20 employees will be hired by the time Phase 1 is complete this April,

There are also plans for a repair center that will require around highly trained technicians.

“Those jobs are well-paid and really welcome local folks to get on board and we’ll train them and get them paid well,” Zhang said.

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He hopes to make a positive impact on the community with this huge project and says he is excited to work with local talent.

Phase two expansion will add another 200 megawatt facility, creating 20 more jobs. Polaris says they are still hiring jobs like electricians, plumbers, and repair specialists.

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
The SEC is signaling a decisive push to move U.S. financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and regulatory strategy under Chair Paul Atkins.
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Westlake police say cryptocurrency scam cost woman over $5,000

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Westlake police say cryptocurrency scam cost woman over ,000

WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.

The clerk said the customer would not believe the clerk’s warning that she was being scammed.

Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.

The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.

The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.

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She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.

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Read more from the West Shore Sun.

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin
Youtube has reportedly begun letting U.S. creators receive payouts in Paypal’s dollar-pegged stablecoin, Paypal USD (PYUSD), signaling a shift toward regulated digital currencies as mainstream payment tools and deepening stablecoins’ role in creator monetization.
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