Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Yahoo! Finance
"We will engage in digital monetary photosynthesis soon," Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile's Telekom MMS, said during the BTC Prague conference last week. When asked by the conference host if T-Mobile is mining bitcoin, he answered, "We will." The announcement comes as the mining sector has experienced a tremendous roller-coaster ride, with 2021's bull market, subsequent crypto winter and the latest halving, which lowered the bitcoin rewards by half. Röder didn't specify where or at what capacity his company will be mining bitcoin, but the entrance 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 Energy Web Chain last year, which the company said was "the world's first public blockchain de
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