Telecom giant and T-Mobile parent Deutsche Telekom plan to mine Bitcoin
The company also revealed that it is running Bitcoin and Lightning network nodes.
Bitcoin mining could soon gain a new player
Telecommunications giant Deutsche Telekom, the parent company of one of the largest telecommunications companies in the US, T-Mobile.
“We will soon embark on digital monetary photosynthesis,” said Dirk Röder, head of infrastructure and web3 solutions at T-Mobile’s Telekom MMS, during the Prague BTC conference last week. When asked by the conference host if T-Mobile is mining bitcoins, he responded, "We will."
Röder did not specify where or in what capacity his company will mine bitcoins, but the entry of such a large corporation has both positive and potentially negative implications for the industry.
Deutsche Telekom has been very active in the digital assets sector for years. It has been running validators on networks such as Polygon, Q, Flow, Celo, Chainlink, and Ethereum. The telecom giant also started the Energy Web Chain last year, which the company said was "the world's first public blockchain designed explicitly for the energy sector" and will help create a "more decentralized, digitized and decarbonized energy system." .
