T-Mobile owner Deutsche Telekom will soon mine Bitcoin in addition to running nodes
Quick Take The head of Web3 infrastructure at Deutsche Telekom subsidiary T-Systems MMS announced on stage at the BTC Prague conference that the company, which already operates nodes for several networks including Bitcoin, Bitcoin Lightning, Ethereum, and more will soon mine Bitcoin as well.
Deutsche Telekom, the German-based telecommunication provider that ranks as the largest in Europe, will soon mine Bitcoin, according to remarks made by the head of Web3 infrastructure and solutions at Deutsche Telekom-owned subsidiary T-Systems MMS at the BTC Prague conference on Friday.
"Since 2023 we [have been] running a Bitcoin node and we are running Bitcoin Lightning nodes as well," said Dirk Röder, wearing a shirt featuring a pink Bitcoin graphic styled after Deutsche Telekom's logo. "And with a heart full of [...] pride, I would like to let you in on a little secret: we will engage in 'digital monetary photosynthesis' soon."
After Bitcoin influencer Joe Nakamoto pressed Röder for clarification, asking "So is T-Mobile mining Bitcoin?", Röder clarified , "We will."
Deutsche Telekom's crypto activities aren't limited to Bitcoin. Following similar node operation and investment partnerships with blockchains Polkadot, Flow, and Celo, the company announced in 2022 its support for Ethereum through running validator nodes and cooperating with liquid staking protocol StakeWise, joining its governance DAO. In addition to operating nodes on the Polkadot and Celo networks, the company has also made direct investments those protocols' tokens.
Other partnerships between Deutsche Telekom and blockchain companies include running a validation node for Polygon and supporting the Q and Chainlink blockchain networks.
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.
You may also like
Glassnode: Bitcoin Weakly Fluctuates, Is Major Volatility Coming?
If signs of seller exhaustion begin to appear, a short-term move towards $95,000 and the short-term holder cost basis is still possible.
Should You Still Believe in Crypto
No industry has always been right from the beginning, until it truly changes the world.
Zeus unveils institutional-grade MPC infrastructure blueprint at Solana Breakpoint 2025, enabling Bitcoin to enter Solana’s on-chain capital markets
The focus will now shift to building MPC tools and providing support for developers, driving the creation of more native UTXO applications on Solana.
When Belief Becomes a Cage: The Sunk Cost Trap in the Crypto Era
As cryptocurrencies transition from idealism to mainstream finance, participants need to be wary of the sunk cost effect and soberly assess whether they are still striving for a worthwhile future.
Trending news
MoreCrypto prices
More
