30s Summary

Deutsche Telekom, Europe’s largest telecom provider, is partnering with Bankhaus Metzler to mine Bitcoin using surplus energy. The project, dubbed “Digital Monetary Photosynthesis”, will see the mining rigs located in Backnang, Germany and managed by Metis Solutions. The venture was announced around the 16th anniversary of Bitcoin’s white paper.

Full Article

Great news for Bitcoin fans: Deutsche Telekom, the biggest telecom provider in Europe, is getting into Bitcoin mining. They’re not just hopping on the trend, though – they’ll be mining Bitcoin with surplus energy that would otherwise go to waste.

They’ve teamed up with Bankhaus Metzler on this project, which they’ve cheekily named “Digital Monetary Photosynthesis”. The folks at MMS, a subsidiary of Deutsche Telekom, has worked closely with Metzler on this new venture.

Looking forward to seeing all those mining rigs humming away? You’ll find them in Backnang, Germany, at the premises of Riva, a company famous for its metal and glass facades. Metis Solutions will take care of managing the rigs.

Why now, you might ask? Well, the announcement came just a week after the 16th anniversary of Bitcoin’s white paper – showing that even a decade and a half later, Bitcoin still rules.

Stay tuned, because there are likely more details to come on this exciting development.