Today, Volksbank Raiffeisenbank Bayern Mitte AG, a Bavarian cooperative bank with a history dating back almost 130 years, entered into a long-term partnership with terahash.energy GmbH, according to a press release sent to Bitcoin Magazine. The Ingolstadt-based cooperative bank and startup terahash will collaborate on promoting Bitcoin-related topics and developing new offers.
“We are expanding our options as part of our Bitcoin strategy thanks to terahash’s extensive experience in the field of Bitcoin and mining,” said Andreas Streb, Vice Chairman of VR Bank Bayern Mitte AG. “Together we can educate and develop solutions for our customers.”
Since April 2022, VR Bank Bayern Mitte eG has become a leader among regional banks in Germany, exclusively offering only Bitcoin-related services to its clients. The bank has adopted Bitcoin as a main focus, representing a commitment to providing more Bitcoin-related services.
“Terahash and VR Bank Bayern Mitte complement each other perfectly,” says Christian Klager, CEO of terahash.energy GmbH. “The strategic partnership is an important step for us, and we can benefit from synergies and combine our strengths better.”
The terahash.space platform is operated by Terahash.energy GmbH, which was founded just one year ago as a subsidiary of a 70-year-old family business in the Augsburg region. This platform aims to serve as a “one-stop digital space” to foster communications within and outside the Bitcoin market environment. Terahash's primary focus is consulting and planning within the Bitcoin, energy and data centers, with a focus on the use of renewable energies and innovative technologies.
The strategic partnership aims to synergize VR Bank's reliability and innovation with terahash's expertise, according to the statement, and strengthen joint efforts in developing services and education over the coming years. The collaboration also extends to the planning of the second Bitcoin Forum in Ingolstadt, scheduled for April 12, 2024, which will feature a Bitcoin business and energy zone catering to B2B enthusiasts and companies.
