🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Deutsche Telekom Plans to Begin Bitcoin Mining: Details Undisclosed

Published 06/16/2024, 03:22 PM
Updated 06/16/2024, 03:45 PM
© Reuters.  Deutsche Telekom Plans to Begin Bitcoin Mining: Details Undisclosed
DTEGn
-
BTC/USD
-

  • The German telecommunication company Deutsche Telekom has planned to mine Bitcoin.
  • Dirk Roder, Deutsche Telekom team lead, asserts that the platform will begin Bitcoin mining.
  • The platform’s move highlights Deutsche Telekom’s significant expansion of cryptocurrency operations and services.

The German telecommunication company Deutsche Telekom’s subsidiary T-Mobile plans to mine Bitcoin. The strategic decision was announced by Dirk Roder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, during the BTC Prague, one of the biggest Bitcoin events in Europe.

According to a video clip shared by Daniel Sempere Pico, a Bitcoin enthusiast, Roder narrated the evolution of Deutsche Telekom’s approach to Bitcoin. While in 2022, the platform ignored Bitcoin, in 2024, the platform plans to mine Bitcoin. Roder stated,

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…

The post Deutsche Telekom Plans to Begin Bitcoin Mining: Details Undisclosed appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.