$7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer

    Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and build-up of its mining infrastructure.

    The asset management giant has more than $7 trillion in customer assets and as said before, it’s looking to expand. The announcement to hire a BTC mining engineer was made through a job posting on their official website.

    The Candidates Need to be Experienced in DevOps Engineering

    Those who should apply to the Fidelity job need to have worked 3 to 5 years or more as development operations (DevOps) engineers. They should also know SQL, databases, and MongoDB. The other requirements are mentioned in the job posting, which was published last month on the website and last week on LinkedIn first noticed by TheBlock.

    Fidelity Started Its Mining Operations in 2014

    Mining for both BTC and Ether (ETH) since 2014, Fidelity is a very profitable company. Back in 2017, its CEO Abigail Johnson said the firm started its mining operations for educational purposes only, but the business started to soon make good money. These are her words:

    “We set up a small bitcoin and ethereum mining operation…that miraculously now is actually making a lot of money.”

    Fidelity Offers Crypto Custody Services Too

    Since setting up the Digital Assets unit back in October 2018, Fidelity is offering crypto custody and trade execution services focused on institutional investors too. The company is also looking for a product designer to develop and strategize new products for the Digital Assets unit, someone who can do some research and bring insights, also create wireframes and prototypes while promoting customer advocacy.

    Fidelity’s Avon Venture Capital Unit Fighting for the Crypto Adoption

    Fidelity is also running Avon, a crypto venture capital unit that has already made 3 public investments in BlockFi, the crypto lending firm, and Flipside Crypto, the company for blockchain data analytics. As reported by a Fidelity spokesperson in the past, Avon is looking to identify how the blockchain and crypto technology could be used more efficiently by investing in businesses that are capable of accelerating the adoption and development of digital currencies and new technologies.

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    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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