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Deutsche Telekom Announces Bitcoin Mining Expansion

Deutsche Telekom Announces Bitcoin Mining Expansion
Deutsche Telekom announces plans to start Bitcoin mining, expanding its crypto activities including running Bitcoin nodes and Lightning Network nodes.

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Deutsche Telekom, the parent company of T-Mobile, has announced plans to expand into Bitcoin mining, as revealed by Dirk Röder, the company's head of Web3 infrastructure. This move comes as an expansion of their current crypto-related activities, which include running Bitcoin nodes and maintaining Bitcoin Lightning Network nodes. Röder's mention of "digital monetary photosynthesis" hints at potential future endeavors in decentralized finance (DeFi) ecosystems. Additionally, Deutsche Telekom has been serving as a validator on the Polygon blockchain network and joined the area of decentralized artificial intelligence (AI) by becoming a validator on Fetch.ai's blockchain. These efforts demonstrate the company's strategic move toward incorporating blockchain technology and cryptocurrencies into its future business operations to capitalize on their potential for innovation and revenue growth.

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