Deutsche Telekom Announces Bitcoin Mining Plans at BTC Prague
T-Mobile Deutsche Telekom has announced its intention to start mining Bitcoin, expanding upon its ongoing crypto-based activities. This significant development was shared at the BTC Prague conference, where Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, disclosed the news.
Expanding Crypto Activities
The telecommunications firm has been operating a Bitcoin node since 2023 and is currently running Bitcoin Lightning Network nodes. These initiatives are part of Deutsche Telekom’s broader strategy to integrate blockchain technology into its operations.
Speaking at BTC Prague, Dirk Röder stated, “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 former asked Röder to elaborate on “digital monetary photosynthesis”, Röder responded simply, “We will”.
T-Mobile Already Web3 Native
Deutsche Telekom has been actively involved in Web3 as a Polygon validator since June 2023. By leveraging its extensive infrastructure, the company has secured new revenue streams and supported the platform’s proof-of-stake consensus mechanism. As one of 100 validators, Deutsche Telekom has been providing staking and validation services on Polygon for over a year.
Fetch.ai Validator Since February
In February, Deutsche Telekom partnered with Fetch.ai, a decentralized artificial intelligence (AI) platform, to establish enterprise AI. As a validator on the Fetch.ai blockchain, Deutsche Telekom helps support the platform’s AI-driven autonomous agents. These agents offer services in various sectors, including healthcare, automotive, supply chain management, and digital identities, by managing resources, conducting transactions, and analyzing traffic flows.
Conclusion
Deutsche Telekom’s entry into Bitcoin mining underscores its commitment to expanding its presence in the blockchain and cryptocurrency sectors. By enhancing its Web3 infrastructure and participating in diverse blockchain networks, Deutsche Telekom is positioning itself at the forefront of technological innovation and digital transformation.
