Deutsche Telekom Announces Bitcoin Mining Plans at BTC Prague

Last Updated on June 17, 2024

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Sign at the entrance to headquarters of Deutsche Telekom AG in Bonn, Germany. Source: nmann77 - stock.adobe.com

Key Takeaways:

  • Deutsche Telekom plans to start mining Bitcoin, enhancing its crypto-related activities.
  • The company has been operating Bitcoin and Bitcoin Lightning Network nodes since 2023.
  • Deutsche Telekom has been active in the Web3 space, acting as a Polygon validator and partnering with Fetch.ai.

Deutsche Telekom has announced its plan to start mining Bitcoin, expanding its crypto-related activities.

The company has been running a Bitcoin node and Bitcoin Lightning Network nodes since 2023.

This news was revealed by Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, at BTC Prague.

Röder hinted at a future engagement in “digital monetary photosynthesis” but did not elaborate further.

Deutsche Telekom has been involved in the Web3 space, acting as a Polygon validator since June 2023, providing staking and validation services.

Additionally, in February, the company partnered with Fetch.ai, a decentralized AI platform, to become a validator on its blockchain, supporting AI-driven services across various industries.

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