Block continues to show heightened interest in the mining sector, despite a rising mining difficulty.
Payments firm Block has put out job vacancies to bolster its mining team and wallet hardware business. According to the job announcements it recently posted on the networking platform LinkedIn, the firm is looking to fill in for the lead positions at its Bitcoin mining policy, communications, and partnerships departments.
Payments Firm Block Keen on Expanding Its Mining Team
According to a recent job advertisement by the firm which was posted on LinkedIn on Saturday, Block is looking to hire a “test hub lead.” The firm first confirmed the range of products that its mining team works to develop. They include Bitcoin mining rigs, Bitcoin mining ASIC, and associated systems, software and infrastructure.
About the test hub, however, the job advert says the hub is responsible for hosting Block’s mining hardware. This means that the lead will oversee the testing of hardware and software as well as monitor the performance of the mining system.
Still on mining, Block also intends to recruit the services of product and engineering talent. According to the firm, whoever fills the position will help develop the next generation of mining ASIC. Furthermore, they’ll also be responsible for building the firm’s first mining rig and the product lines from the rig later in the future.
Meanwhile, Block’s interest in mining is interesting, especially in this period. The firm shows heightened interest in the mining sector, despite a rising mining difficulty. Companies in the business are increasingly seeing their profit margins reduced greatly even as Bitcoin’s value continues falling while energy prices keep going up.
Betting Big on DeFi
Other than mining, Block is also looking to hire new hands into its hardware wallet business. Recall that it announced the business just this past spring. And now, the firm has also thrown open, several positions that appear to be focused on wallet design.
Without a doubt, Block has high hopes for decentralized finance (DeFi) and has been making several moves in line with that. One such move is in the stablecoin partnership its DeFi unit TBD struck with Circle earlier in October.
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