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Stock impact report

Largest Telecom Provider in Europe, Deutsche Telekom, Will Begin Mining Bitcoin [Yahoo! Finance]

DEUTSCHE TELEKOM AG S/ADR (DTEGY) 
NASDAQ:AMEX Investor Relations: telekom.com/en/investor-relations
Company Research Source: Yahoo! Finance
This announcement was made by Dirk Röder, head of Web3 infrastructure and solutions at T-Systems MMS, a Deutsche Telekom-owned subsidiary, during the BTC Prague conference on Friday. Röder, who sported a shirt featuring a pink Bitcoin graphic styled after Deutsche Telekom's logo, revealed the company's plans with evident enthusiasm. "Since 2023 we [have been] running a Bitcoin node and we are running Bitcoin Lightning nodes as well," he stated. Röder then hinted at an upcoming venture, saying, "And with a heart full of [...] pride, I would like to let you in on a little secret: we will engage in 'digital monetary photosynthesis' soon." This cryptic announcement prompted Bitcoin influencer Joe Nakamoto to seek clarification, directly asking, "So is T-Mobile mining Bitcoin?" To which Röder responded succinctly, "We will." Deutsche Telekom's foray into the cryptocurrency space isn't confined to Bitcoin. The company has been steadily increasing its involvement in various blockchain Show less Read more
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