Deutsche Telekom has announced plans to start Bitcoin mining, expanding its involvement in cryptocurrency and Web3 technologies. The announcement was made at BTC Prague by Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom. The company has been operating a Bitcoin node since 2023 and is also running Bitcoin Lightning nodes. Additionally, Deutsche Telekom has been a validator on the Fetch.ai blockchain and has provided staking and validation services on Polygon, supporting various blockchain consensus mechanisms. The firm's expansion into Bitcoin mining is part of its strategy to leverage its extensive infrastructure for new revenue streams in the digital economy.

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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." 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 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 

Deutsche Telekom Expands into Bitcoin Mining and Web3 Technologies