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- Deutsche Telekom, Europe’s largest telecommunications company, recently announced its venture into Bitcoin mining through its subsidiary, T-Systems MMS.
- Previously, the company has been involved in running nodes for prominent blockchain networks like Bitcoin, Bitcoin Lightning, and Ethereum.
- Dirk Röder, Head of Web3 Infrastructure at T-Systems MMS, spoke about their broader cryptocurrency initiatives at BTC Prague Conference.
Discover how Europe’s leading telecom, Deutsche Telekom, is expanding its footprint in the cryptocurrency sector by diving into Bitcoin mining. Stay updated with their strategic moves and broader blockchain participation.
Deutsche Telekom’s Motivations for Bitcoin Mining
Speaking at the BTC Prague Conference, Dirk Röder, Head of Web3 Infrastructure at T-Systems MMS, announced the company’s plans to join Bitcoin mining operations. Röder proudly stated that since 2023, they have been running Bitcoin and Bitcoin Lightning nodes and are now gearing up to enter the mining sphere as well.
When quizzed by Bitcoin influencer Joe Nakamoto about T-Mobile’s involvement in Bitcoin mining, Röder confirmed their active participation in the endeavor.
Expanding Involvement in Blockchain Technologies
Deutsche Telekom has not limited its blockchain activities to Bitcoin alone. The telecom giant has been enthusiastically supporting a variety of blockchain networks, operating nodes and entering investment partnerships with platforms like Polkadot, Flow, and Celo. The company’s venture into Ethereum, facilitated through a collaboration with StakeWise, is indicative of its expansive strategy across multiple blockchain technologies.
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Furthermore, Deutsche Telekom has invested directly in the core network assets of these blockchain protocols, running validation nodes for Polygon and extending their support to Chainlink blockchain networks, underlining their diverse blockchain engagement.
Conclusion
Deutsche Telekom’s leap into Bitcoin mining reflects a significant escalation of its cryptocurrency and blockchain activities. By leveraging its extensive experience with various blockchain networks and forming strategic partnerships, the company is poised to make a noteworthy impact in the expanding world of Bitcoin mining.
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