Proof of Industry—Issue #13

Brought to you by Bitcoin Talent Co.

“The smartest people in the world are working on Bitcoin, they’re not working on some other project…” — Mike Jarmuz, Managing Partner of Lightning Ventures

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News & Updates

Covering July 27th, 2023 - August 9th, 2023

Company Updates 

MicroStrategy Inc. announced their financial results for the second quarter of 2023, including total revenues of $120.4 million, a 1% decrease year-over-year, flat at constant currency. They also acquired 12,800 bitcoins since Q1 for $361.4 million and reported a net income of $22.2 million. The company used cash from operations to continue to increase bitcoins on their balance sheet.

Tether, the company behind the USDT stablecoin, purchased 1,529 bitcoin in the second quarter of 2023 for $45.4 million. This purchase followed Tether's announcement in May to allocate up to 15% of quarterly profits to bitcoin. The move is challenging popular bitcoin bull Michael Saylor, executive chairman of MicroStrategy, who has acquired 467 BTC for the company's treasury.

Binance has been granted two licenses to offer bitcoin and digital assets services in El Salvador. Under the country’s new digital asset regulation, Binance becomes the first to receive a full operating license.

Barefoot Mining and Bitcoin Opportunity Fund have partnered to create a new Bitcoin mining company called West Bay Mining. The company is based in North Sioux City, SD and has been in operation since early June. This is the first investment made by the Bitcoin Opportunity Fund formed earlier this year.

Bitrefill has partnered with eSIM Go to provide travelers with pre-purchased e-sims that give them local data access in over 140 countries. Bitcoin enthusiasts and digital nomads can now get seamless internet connectivity with the Bitrefill eSIM service, which can be bought using bitcoin or other cryptocurrencies.

Product Updates

Bitcoin Magazine has launched a white-glove service called Rare B.TC to enable users to buy and sell rare sats and inscriptions from Bitcoin Ordinal Theory (NFTs) created earlier this year. Examples of rare sats are uncommon sats, rare sats, 2009 uncommon sats, Hal Finney sats, and Block 9 sats.

Sazmining, a Bitcoin mining provider, is launching a new facility in Paraguay to take advantage of the country's low electricity prices. The company aims to turn Paraguay's previous losses into a profitable venture, and will provide customers with on-site maintenance and security. The facility is part of a larger vision to invest in electrical infrastructure that will benefit Paraguay in the long term.

Mash has released a beta version of their Lightning Bitcoin Wallet, a progressive web-app that can be downloaded directly from a mobile browser. It allows users to create accounts, send and receive payments, customize their profiles, and is focused on enabling content creators to monetize their work. It is designed to bypass any potential app store censorship.

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Bitcoin Talent Co. is the leading recruiting firm in the Bitcoin ecosystem, focused on partnering with companies whose products and services seek to expand a monetary network that will bring freedom and prosperity to all.

Interviews w/ Industry Leaders

KEY: 🎙 = listen, 📺 = watch, 📖 = read

The Bitcoin Talent Co. Podcast 23: JP Baric from MiningStore: Host Eric Podwojski sits down with the Founder and CEO of MiningStore, JP Baric, to discuss mining Bitcoin nearly a decade ago in high school, raising funds to scale his mining business, and advice for Bitcoin mining job seekers. (🎙, 📺)

Bitcoin Builders: How Builders Learn the Bitcoin Protocol feat. NiftyNei: Hosts Nathaniel Whittemore and George Kaloudis interview Lightning Protocol Engineer at Blockstream and co-founder at Base58, Lisa Neigut, about Base58 protocol academy, Lightning development, and Bitcoin education. (🎙, 📺, 📖)

WBD690: The Bitcoin Cheat Code with Marty Bent & Grant Gilliam: Host Peter McCormack interviews Ten31 Fund Partners, Marty Bent and Grant Gilliam, about investing in Bitcoin and Bitcoin-associated ventures, including the specifics of investing in Bitcoin mining. (🎙, 📺, 📖)

Coin Stories: Brian De Mint: The Orange Pill App, Bitcoin's Social Layer and Merchants, Altcoin Manipulation: Host Natalie Brunell interviews the CMO of Orange Pill App, Brian De Mint, about building out the Bitcoin Social Layer and connecting Bitcoiners in real life. (🎙, 📺)

The Bitcoin Talent Co. Podcast 22: Tony Cai from Atomic Finance: Host Eric Podwojski sits down with the CEO of Atomic Finance, Tony Cai, to discuss how the company transitioned from crypto into a Bitcoin-only company, earning yield on your Bitcoin with Atomic Finance's passive strategies, and what he looks for when interviewing candidates. (🎙, 📺)

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Working in Bitcoin

Bitcoin Talent Co. is the first recruiting firm to focus exclusively on the Bitcoin landscape. We see through the noise of crypto, blockchain, Web3, and all other buzzwords to help Bitcoin-focused companies operate at scale. Below are some of the positions we are actively recruiting candidates for.

Open Roles

1. Head of Sales - A Bitcoin financial services company offering specialized custodial solutions is seeking a strategic sales executive. The ideal candidate will guide sales strategy and execution, represent the voice of the client, and lead sales teams in product development and cross-functional initiatives.

2. Head of Systems Engineering - A Bitcoin financial services company is looking for an experienced Rust/C/C++ engineer to build new self-custody functionality in their native mobile app with React Native.

3. Sr. Front End Developer - An interoperable Web 5 company using the Lightning network for decentralized bitcoin payments is hiring a React/React Native developer to enhance their chat application.

4. Sr. Front End Developer - A European-based Bitcoin-only exchange is seeking an experienced React Native engineer with previous experience working in a startup environment.

5. Sr. Full Stack Engineer - A Bitcoin company that connects renewable energy assets to Bitcoin mining data centers is seeking a senior engineer experienced in Rust, Go, and React to join their small dedicated team.

6. Director of Development - A Bitcoin company that connects renewable energy assets to Bitcoin mining data centers is seeking an experienced energy professional to lead the development team in the execution of data center projects located in the footprint of utility-scale renewable energy projects.

7. Recruiter - Bitcoin Talent Co. is seeking an experienced recruiter to join the team. Knowledge about Bitcoin and Bitcoin culture is a must.

🤔 Interested in an open role or know someone who may be interested?

Send us a message or reach out if you have strong professionals in your network that could be a great fit, we have a very exciting referral program!👇

That's a wrap for this biweekly newsletter. See ya in +2016 blocks from now!

If you want more, be sure to follow our Twitter (@BitcoinTalentCo) and connect with us on LinkedIn.

- Eric (@epodrulz)

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If you found value in this newsletter please subscribe and tell a friend. Our mission is to strengthen the bitcoin network with premiere human capital. The more professionals know about us, the more talent we can bring into the industry!