Deutsche Telekom arm partners with Germany’s oldest bank for renewable Bitcoin mining trial
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 04 2024Pilot Project for Bitcoin Mining: Deutsche Telekom's MMS and Bankhaus Metzler are testing Bitcoin mining using surplus renewable energy to help stabilize Germany's energy grid, aiming to gather data for future projects.
Balancing Energy Supply and Demand: The initiative addresses the challenges of excess renewable energy production by utilizing Bitcoin miners to balance supply and demand, highlighting the growing importance of blockchain technology in various sectors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
