The German giant is starting Bitcoin mining.

Europe's telecommunications leader Deutsche Telekom has announced that it will utilize idle renewable energy sources for Bitcoin mining. The company will carry out this innovative step in collaboration with Bankhaus Metzler under the "Digital Monetary Photosynthesis" project. This strategy aims to both use energy efficiently and contribute to the ecosystem of cryptocurrency.

DEUTSCHE TELEKOM HAS PUSHED THE BUTTON FOR BITCOIN MINING

Deutsche Telekom, one of the leading organizations in Europe's telecommunications sector, is preparing to evaluate renewable energy sources in Bitcoin mining. The company will implement this innovative step within the framework of a project named "Digital Monetary Photosynthesis."

In the project announced on the 16th anniversary of Bitcoin's launch, Deutsche Telekom's subsidiary MMS is joining forces with Bankhaus Metzler. The technical infrastructure of the project will be located at Riva's metal and glass production facilities in Backnang, Germany. The operation of the mining hardware will be entrusted to Metis Solutions.

"WE AIM TO CONVERT EXCESS ENERGY FROM RENEWABLE SOURCES INTO DIGITAL VALUES"

Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS, made significant statements regarding the details of the project. Nyderle stated, "By collaborating with RIVA Engineering GmbH and Bankhaus Metzler, we will examine the balancing role of Bitcoin mining in the electricity grid. We aim to convert excess energy obtained from renewable sources into digital values."

Bankhaus Metzler plans to explore new opportunities to provide financial services in the field of digital assets beyond this initiative.

An example of innovative uses of Bitcoin mining also came from Finland. In a pilot project launched by Marathon Digital Holdings in June 2024, the heat energy generated from mining operations meets the entire heating needs of a town. This energy, distributed through a central heating system, serves as an example of sustainable sources in Bitcoin mining applications.