Deutsche Telekom, Europe’s largest telecommunications provider, has partnered with Bankhaus Metzler to operate Bitcoin mining infrastructure using surplus renewable energy.
The pilot project aims to convert excess electricity into digital assets through Bitcoin mining, helping to address irregularities caused by the integration of renewable energy sources into the grid.
The initiative seeks to validate the process of regulating power through Bitcoin mining in Germany, with the goal of balancing supply and demand in the energy grid.
Deutsche Telekom MMS and Bankhaus Metzler will collaborate to gather field data and insights for future projects in stabilizing the energy grid and supporting renewable energy producers.