Deutsche Telekom has revealed its intention to begin mining Bitcoin (BTC), further expanding its activities in the crypto space.
The telecommunications giant, which has been running a Bitcoin node and Bitcoin Lightning nodes since 2023, shared this news at BTC Prague. Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, made the announcement:
“Since 2023, we have been running a Bitcoin node and Bitcoin Lightning nodes as well. I’d like to let you in on a little secret: we will soon engage in digital monetary photosynthesis.”
When asked to elaborate on the term ‘digital monetary photosynthesis,’ Röder replied cryptically, “We will.”
T-Mobile’s Web3 Involvement
Deutsche Telekom has been actively participating in the Web3 ecosystem. Since June 2023, it has been a Polygon validator, utilizing its extensive infrastructure to secure new revenue streams and strengthen its position in the blockchain industry.
Summary Review: Deutsche Telekom’s entry into Bitcoin mining marks a significant step in its ongoing exploration of blockchain and cryptocurrency technologies. By leveraging its infrastructure and expertise, the company is positioning itself at the forefront of digital innovation, potentially setting a precedent for other major firms to follow. As the firm continues to expand its Web3 activities, it will be interesting to see how its involvement shapes the future of the crypto landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
