Bitfury Jobs in Stockholm, Sweden

Position Summary:

The role consists in optimisation of daily power procurement processes and support in identifying, securing power procurement contracts for the development of Bitfury’s data centers in Norway/Sweden and Canada.

Duties and responsibilities

• Permanent review of Company’s current contract prices;
• Identification of market opportunities and potential new suppliers, execute contract re-negotiations;
• Define tactics and methods:
  • Define and refine electricity purchase tactics;
  • Refine methids of electricity cost reporting and analysis;
  • Develop tactics and methods implementation plan (e.g. propose additional electricity suppliers);

• Develop hedging policy (electricity and certificates):
  • Perform historical price analysis;
  • Prepare risk profile assessment and proposal for hedging portfolio content, including time horizons. PPA opportunity mapping;
  • Developing hedging instructions;
  • Implementing hedging plan.
• Daily power procurement (EU, North America)
• Support with search for new promising sites for future Data Centers with cheap energy and available power.
• Support with paper work, managing external consultants and/or subcontractors (certified estimates for applications, preliminary design, etc), upon request;

Must:

• 5-year minimum experience in the power sector;
• Understanding of power market structures, rules and ancillary services;
• Understanding the power generation, transmission and distribution mechanisms as physically, as commercially.
• Ability to breakdown and model grid tariffs and ancillary services;
• Entrepreneurial mindset and ability to work autonomously.

As-a-plus:

• Basic understanding of Bitcoin blockchain and mining economics;
• Power trading experience;
• Strong network across power generating companies in Europe and North America.