Key Points
- Deutsche Telekom, Europe’s largest telecommunication provider, is planning to mine Bitcoin.
- The company is also expanding its blockchain involvement with partnerships and investments in various networks including Ethereum, Polkadot, and Celo.
Deutsche Telekom, a leading telecommunication provider based in Germany, has announced plans to mine Bitcoin. This announcement was made by the head of Web3 infrastructure and solutions at T-Systems MMS, a Deutsche Telekom subsidiary, during the BTC Prague conference.
Expanding Crypto Activities
In addition to Bitcoin, Deutsche Telekom is also exploring other crypto activities. The company has been operating nodes for Bitcoin since 2023 and is also running Bitcoin Lightning nodes. The company’s involvement in blockchain technology is not limited to Bitcoin, but extends to other networks as well.
The company’s crypto-related activities include partnerships and investments in various blockchain networks. For instance, Deutsche Telekom has been running validator nodes for Ethereum and is also cooperating with StakeWise, a liquid staking protocol. The company has also joined the governance DAO of Ethereum.
Partnerships and Investments
Deutsche Telekom has also formed partnerships with other blockchain networks, including Polkadot, Flow, and Celo. The company is running nodes on these networks and has also made direct investments in their tokens.
In addition to these, Deutsche Telekom is also running a validation node for Polygon and is supporting the Q and Chainlink blockchain networks. These initiatives are part of Deutsche Telekom’s broader strategy to engage in ‘digital monetary photosynthesis’, as described by the company’s representative.