Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin

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Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

Bitcoin mining might soon gain a new player: telecommunication giant Deutsche Telekom, the parent company of one of the largest U.S. telcos, T-Mobile.

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.Energy Web Chain last year, which the company said was"the world’s first public blockchain designed explicitly for the energy sector" and will help to create a"more decentralized, digitalized, and decarbonized energy system.

 

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