Today, Volksbank Raiffeisenbank Bayern Mitte eGa Bavarian cooperative bank with a history of approximately 130 years, has signed a long-term partnership with terahash.energy GmbH, according to a press release sent to bitcoin Magazine. The Ingolstadt-based cooperative bank and the young startup terahash will collaborate to promote bitcoin-related topics and develop new offerings.
“We are expanding our options as part of our bitcoin strategy with terahash's extensive experience in bitcoin and mining,” said Andreas Streb, Vice Chairman of the Board of Directors of VR Bank Bayern Mitte eG. “Together we can educate and develop solutions for our clients.”
Since April 2022, VR Bank Bayern Mitte eG has been a pioneer among regional banks in Germany, exclusively offering bitcoin-related services to its customers. The bank has adopted bitcoin as a key focus, marking a commitment to providing more bitcoin-related services.
“Terahash and VR Bank Bayern Mitte complement each other perfectly,” said Kristian Klager, CEO of terahash.energy GmbH. “The strategic partnership is an important step for us, we can leverage synergies and combine our strengths even better.”
Terahash.energy GmbH, founded just a year ago as a spin-off of a 70-year-old family business in the Augsburg region, operates the terahash.space platform. This platform aims to serve as a “comprehensive digital space” to foster connections within and outside of the bitcoin market environment. Terahash's primary focus lies on consulting and planning within bitcoin, energy and data centers, emphasizing the use of renewable energy and innovative technologies.
The strategic partnership aims to create synergies between VR Bank's reliability and innovation with terahash's expertise, according to the statement, fostering joint efforts in service and educational development in the coming years. The collaboration also extends to the planning of the 2nd bitcoin/bitcoinforum-bayern-rueckblick.html”>bitcoin Forum in Ingolstadtscheduled for April 12, 2024, which will feature a bitcoin energy and business area aimed at businesses and B2B enthusiasts.
