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Full-Time

Research Analyst

Confirmed live in the last 24 hours

Foundry Digital

Foundry Digital

51-200 employees

Capital access and advisory for cryptocurrency mining

Crypto & Web3
Financial Services

Compensation Overview

$75k - $145kAnnually

+ Bonus + Incentive Compensation

Junior, Mid

Rochester, NY, USA

Some travel may be required.

Category
Data Science
Data Analysis
Data & Analytics
Required Skills
Python
SQL
Requirements
  • 2 years of experience in technology, financial services, or academic fields
  • Understanding of Bitcoin and the broader the digital asset space via direct experience with operating a node, mining, staking, or analyzing protocol source code
  • Strong written and verbal communication skills; concise and actionable articulation of complex concepts for a non-technical audience
  • Ability to interact with large data sets programmatically (SQL, Python) including on-chain data, financial data, and energy market data
  • Goal oriented and self-motivated; Comfort working remotely and with a team of pseudonymous individuals. Some Travel may be required
Responsibilities
  • Plan, draft, and publish internal research reports focused on Bitcoin mining, Bitcoin data, emerging Bitcoin technical changes, and other in scope digital assets. Disseminate research findings to leadership and broader Foundry team
  • Work with Data team to identify, capture, and interpret key metrics from various sources including on-chain and power markets
  • Supporting early development proof of concept tooling, applications, and products as a technical resource to developers
  • Work with Strategy and Finance teams on bitcoin industry research and modeling of impacts to Foundry USA Pool
  • Support external communication on Bitcoin mining technology and industry trends
  • Identify, digest, and disseminate overviews of external research

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