Why Fidelity Is Mining Bitcoin and Ethereum

Fidelity CEO Abby Johnson surprised a tech conference this spring by revealing the brokerage giant didn’t just study cryptocurrency. It was also mining the digital assets--and making money while doing so.

It turns out Fidelity has been at this for three years, using its own computers to harvest the digital currencies bitcoin and Ethereum, which today trade for around $4,300 and $1,700 respectively.

Hadley Stern of Fidelity Labs tells Fortune that the U.S. based mining operation is very...

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