Fidelity Seeks Bitcoin Mining Engineers for New Venture

Fidelity’s Bold Move into Bitcoin Mining

It seems that Fidelity is really getting its hands dirty in the digital currency world – or should we say, its hands dirty in actual dust from mining rigs? The Fidelity Center for Applied Technology (FCAT) is on the lookout for Bitcoin Mining Engineers, hinting at a delicious new business opportunity that’s likely a partnership with Blockstream. After all, who wouldn’t want to dive into the mining operation waters of the crypto sea?

Job Requirements: A Vague Job Description?

So, what qualifications do you need? Surprisingly, the career posting doesn’t require a mining core breadwinner. Instead, they’re looking for someone with three to five years in a DevOps or engineering role. You might be wondering, what’s DevOps anyway? Think software meets hardware – basically, these folks are the diplomats making sure everything works seamlessly. However, if you’ve spent more time thinking about Bitcoin than actually mining it, you might still be in the running, as interest in crypto is a plus.

Skill Set: Hardware Whisperers Only

Don’t throw out your old mining helmet just yet. While they’re not asking for mining experience per se, the recruit must know their way around large hardware installations and troubleshooting like a pro. If your idea of a fun weekend is to make sure every server is purged of potential meltdown risks, then you just might be the engineer they are dreaming about.

Fidelity’s Crypto Journey

Fidelity has been embracing the crypto wave since late 2018 when it launched a Bitcoin trading service for institutional clients. Think hedge funds and high-rollers getting cozy with crypto. Their journey has been as steady as a Bitcoin price chart in a bear market, and just like crypto, they are all about increasing reach. The launch of custody services in 2019 and expansion into the U.K. nudges them further into the crypto realm. Talk about a ‘hodl’ strategy!

Challenges: Are They Facing a Mining Recruitment Drought?

Despite the tantalizing job offer being posted since January 20, reports suggest that Fidelity still hasn’t snatched the perfect candidate one month later. I mean, how hard can it be to find someone who loves hardware, has a passion for crypto, and is looking for their next big break? Maybe it’s because potential hires are playing hard to get or perhaps they think applying for a job at Fidelity is just too mainstream nowadays!