Deutsche Telekom announces Bitcoin mining plans at BTC Prague
T-Mobile Deutsche Telekom announced that it intends to start mining Bitcoin (BTC), expanding upon its ongoing crypto-based activities.
The telecommunications firm has been operating a Bitcoin since 2023 and is currently running Bitcoin Lightning nodes.
Speaking at BTC Prague, Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, said:
“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.”
Former Cointelegraph contributor Joseph Hall asked Röder if he could elaborate on the meaning of 'digital monetary photosynthesis',
"We will."
T-Mobile already Web3 native
The firm has been actively involved in Web3 as a Polygon validator since June 2023, establishing its position to leverage its extensive infrastructure and secure new revenue streams.
Related: Germany’s Deutsche Telekom plugs in as Polygon validator
As one of 100 validators, Deutsche Telekom has provided staking and validation services on Polygon for over a year and helped support the Platform’s proof-of-stake (PoS) consensus mechanism.
Related: AI tokens rally amid Nvidia’s breakout earnings
Fetch.ai validator since February
In February, Fetch.ai, a decentralized artificial intelligence (AI) platform, partnered with Deutsche Telekom to establish enterprise AI.
As a validator on the Fetch.ai blockchain, the telecommunications firm helps to support Fetch.ai’s AI-driven autonomous agents.
These autonomous agents provide services in healthcare, automotive, supply chain management, and digital identities by managing resources, conducting transactions and analyzing traffic flows.
Related: Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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