(CSi)  –The Applied Blockchain Inc.   ribbon-cutting ceremony is planned for Thursday, May 5, 2:30 pm at the Applied Blockchain’s hosting facility in Jamestown, located on Highway 20,  about seven miles north of Jamestown near the substation owned by Otter Tail Power Co. The hosting facility is co-located with the substation.

Applied Blockchain delivers cryptocurrency mining and infrastructure solutions to its customers. The company has partnered with Bitmain, SparkPool and General Mining Research.

Applied Blockchain will employ about 30 people on site to monitor the equipment 24 hours per day at the hosting facility near Jamestown.

Jeff Nicholas, the company’s chief of staff says Applied Blockchain Inc. will construct three additional buildings to house computers used as cryptocurrency mining machines at the Jamestown site.  Nicholas said, that the company plans to scale capacity up to 200 megawatts after the construction of three more buildings to the south of the current buildings.

 

 

Nicholas said the project for the first 100 megawatts of capacity cost about $35 million.

Nicholas said the three additional buildings will be the same amount of lineal feet as the first eight buildings and will house the same amount of computers.