T-Mobile Deutsche Telekom has announced its plans to start mining Bitcoin, expanding its engagement in the cryptocurrency space.
The telecommunications giant, which has been involved in crypto activities, has operated a Bitcoin node since 2023 and is currently running Bitcoin Lightning Network nodes.
At BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, shared:
“Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well […] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”
When asked by former Cointelegraph contributor Joseph Hall to elaborate on “digital monetary photosynthesis,” Röder responded with, “We will.”
Deutsche Telekom has been deeply involved in Web3 activities as a Polygon validator since June 2023, utilizing its infrastructure to secure new revenue streams.
As one of 100 validators, Deutsche Telekom has provided staking and validation services on Polygon for over a year, supporting the platform’s proof-of-stake consensus mechanism.
In February, Deutsche Telekom partnered with Fetch.ai, a decentralized artificial intelligence (AI) platform, to establish enterprise AI initiatives.
Acting as a validator on the Fetch.ai blockchain, Deutsche Telekom supports the AI-driven autonomous agents developed by Fetch.ai.
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These agents offer services across various sectors, including healthcare, automotive, supply chain management, and digital identities.
They manage resources, conduct transactions, and analyze traffic flows to enhance operational efficiency.
The move to start mining Bitcoin marks a significant expansion of Deutsche Telekom’s blockchain and cryptocurrency activities.
By leveraging its existing technological infrastructure and expertise, the company aims to explore new opportunities and revenue models within the digital economy.
This step highlights Deutsche Telekom’s commitment to advancing its involvement in emerging technologies and its proactive approach to integrating blockchain solutions into its operations.
Overall, Deutsche Telekom’s entry into Bitcoin mining reflects its broader strategy to innovate and adapt to the evolving digital landscape, positioning itself at the forefront of the intersection between telecommunications and blockchain technology.
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