Telecom giant Deutsche Telekom has announced intentions to expand its involvement in cryptocurrency by venturing into Bitcoin mining. The company, which has been running a Bitcoin node since 2023 and serving as a node for the Bitcoin Lightning network, aims to bolster its activities in the crypto space.

Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, disclosed these plans at the BTC Prague event. Hinting at future developments in cryptocurrency, Röder suggested, “We are planning to engage in digital monetary photosynthesis soon.”

Deutsche Telekom has been actively engaged in Web3 initiatives for some time. Since June 2023, it has been a validator on Polygon, leveraging its robust infrastructure to explore new revenue streams. Alongside numerous other validators, Deutsche Telekom has contributed to Polygon’s staking and validation services for over a year, supporting the platform’s proof-of-stake consensus mechanism.

Additionally, as a recent partner of Fetch.ai, Deutsche Telekom has been at the forefront of the intersection between blockchain and artificial intelligence (AI). Through this collaboration, the company has participated as a validator on the Fetch.ai blockchain, enhancing Fetch.ai’s autonomous AI agents that offer various services in sectors like healthcare, automotive, supply chain management, and digital identities.