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Full-Time

Mining Technician

Posted on 6/21/2024

Foundry Digital

Foundry Digital

51-200 employees

Capital access and advisory for cryptocurrency mining

Crypto & Web3
Financial Services

Entry

Kermit, TX, USA

This position is open to candidates who desire to work at one of our physical work locations in the United States.

Category
Hardware Engineering
Computer Hardware Engineering
Requirements
  • General experience/background operating computer hardware
  • Good communication skills
  • Highly motivated and goal-oriented individual
  • Ability to manage task/goal priority and shift as company strategy evolves
  • Ability to learn new and dynamic operations practices and implement thoughtful improvements
  • Highly organized
  • Ability to lift up to 50lbs repetitively
  • Ability to bend, squat and stand for up to 45 minutes at a time
  • Ability to travel as needed- minimum 20% of travel throughout the United States for this position
  • Ability to work in general warehouse environment, which includes high level of noise and periodic hot temperature.
  • Bachelor’s degree
  • Interest and knowledge in crypto currency
  • Bitcoin mining experience
  • Advanced MS office suite knowledge
Responsibilities
  • Support the Mining Operations team and proprietary crypto mining operations
  • Deploy new crypto mining units at the data centers
  • Maintain current operating fleet of crypto mining machines
  • Using technical expertise, preform repairs and maintenance on the mining equipment as needed
  • General maintenance of equipment
  • Replace fans, power supplies, and other hardware
  • Keep equipment in good operating condition
  • Work with the Operations team to coordinate shipping and receiving of equipment
  • Work with software systems to set programming parameters of equipment
  • Document inventory of equipment and spare parts
  • Perform general site maintenance as required

Foundry Digital provides services to enhance capital access, efficiency, and transparency in the digital currency mining and staking industry. The company supports institutional clients, such as large-scale bitcoin miners and equipment manufacturers, by offering equipment financing, advisory services, and operational support. Mining involves using powerful computers to validate blockchain transactions, while staking requires holding cryptocurrency to support network operations. Foundry helps clients optimize their operations to ensure profitability. The company differentiates itself through its extensive institutional expertise and market intelligence, leveraging resources from its parent company, Digital Currency Group. Foundry's goal is to empower clients in the rapidly evolving digital currency market.

Company Stage

N/A

Total Funding

N/A

Headquarters

Rochester, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

9%

1 year growth

1%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Foundry's strategic expansion into Texas and acquisition of mining sites from Compute North positions it well to capitalize on the growing bitcoin mining industry in the region.
  • The launch of Foundry Hardware products, such as the Power Supply Unit and Immersion Optimization Kit, enhances operational performance and offers inventory flexibility, making it an attractive option for institutional miners.
  • Partnerships with companies like Flock.Io and Graphite Connect highlight Foundry's collaborative approach and potential for growth through strategic alliances.

What critics are saying

  • The volatile nature of the digital currency market, including fluctuations in bitcoin prices, can significantly impact Foundry's revenue and profitability.
  • The company's reliance on institutional clients means that any downturn in the institutional investment in digital currencies could adversely affect its business.

What makes Foundry Digital unique

  • Foundry Digital leverages its parent company Digital Currency Group's extensive institutional expertise and financial resources, providing a significant edge over smaller competitors.
  • The company's focus on both mining and staking services allows it to cater to a broader range of institutional clients, unlike competitors who may specialize in only one area.
  • Foundry's recent launch of the Foundry Hardware suite demonstrates its commitment to innovation and operational efficiency, setting it apart from other service providers in the digital currency mining sector.

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Benefits

Competitive base salary, bonus & incentive compensation

Unlimited PTO

Professional development budget

Health insurance

Life insurance & disability coverage

401k

FSA

Paid parental leave

INACTIVE