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HomeCryptoGerman telecommunications giant Deutsche Telekom enters the Bitcoin mining industry

German telecommunications giant Deutsche Telekom enters the Bitcoin mining industry

T-Mobile Deutsche Telekom has announced a major move into the Bitcoin mining industry, marking a significant expansion of its ongoing operations in the cryptocurrency space. The telecommunications giant has been actively participating in the cryptocurrency market for some time now.

Since 2023, Deutsche Telekom has been operating a Bitcoin node and Bitcoin Lightning Network nodes, demonstrating a keen interest in the decentralized currency sector.

Dirk Röder, Web3 infrastructure and solutions lead at Deutsche Telekom, revealed:

“As of 2023, we are running Bitcoin nodes and we are also running Bitcoin Lightning nodes. I want to let you in on a little secret: we will soon be engaging in digital currency photosynthesis.”

Deutsche Telekom MMS subsidiary provides staking and authentication services for the PoS network and its Supernet solutions. These services reinforce Deutsche Telekom’s commitment to blockchain and cryptocurrency development.

Annie

According to Cryptopolitan

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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