Deutsche Telekom, the largest telecommunications provider in Europe, has announced its entry into the Bitcoin mining arena. The revelation came from Dirk Röder, head of Web3 infrastructure and solutions at T-Systems MMS, a subsidiary of Deutsche Telekom, during the BTC Prague conference held on Friday.
Röder, donning a shirt adorned with a Bitcoin logo reminiscent of Deutsche Telekom’s branding, disclosed the company’s current activities and future plans with evident enthusiasm. “Since 2023, we have been operating a Bitcoin node and have also been running Bitcoin Lightning nodes,” he elaborated. Röder then teased an upcoming initiative, hinting, “And with a heart full of pride, I would like to share a little secret: we will soon engage in ‘digital monetary photosynthesis.'”
This cryptic statement prompted questions from Bitcoin influencer Joe Nakamoto, who sought clarification on whether T-Mobile (a subsidiary of Deutsche Telekom in the US) would be involved in Bitcoin mining. Röder’s response was concise: “We will.”
Deutsche Telekom’s expansion into the cryptocurrency sector extends beyond Bitcoin. The company has been progressively increasing its engagement in various blockchain ventures. In 2022, Deutsche Telekom expanded its support to the Ethereum network by running validator nodes and collaborating with StakeWise, a liquid staking protocol, including participation in its governance DAO. This strategic move aligns with their broader strategy, which includes operating a validation node for the Polygon network and supporting blockchain networks like Q and Chainlink. Additionally, the company operates nodes on the Polkadot and Celo networks and makes direct investments in tokens associated with these protocols.
Deutsche Telekom’s decision to enter Bitcoin mining underscores its commitment to embracing blockchain technologies and expanding its footprint in the rapidly evolving digital economy landscape.
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