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An update from BTQ Technologies ( (TSE:BTQ) ) is now available.
BTQ Technologies has launched the Bitcoin Quantum testnet, the first quantum-safe fork of Bitcoin, timed to coincide with the 17th anniversary of the original network’s genesis block. The testnet replaces Bitcoin’s existing ECDSA signatures with NIST-standardized ML-DSA post-quantum cryptography, aligning with emerging U.S. government security mandates and targeting the protection of trillions of dollars in Bitcoin value that may become vulnerable to future quantum attacks. Open to miners, developers, researchers and users, the permissionless network is positioned as a live, production-grade environment to test and harden quantum-resistant transaction infrastructure before any eventual migration of major crypto networks, with research firm Delphi Digital describing it as a “quantum canary” and potential industry insurance policy amid rapidly accelerating quantum computing breakthroughs.
The most recent analyst rating on (TSE:BTQ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on BTQ Technologies stock, see the TSE:BTQ Stock Forecast page.
Spark’s Take on TSE:BTQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:BTQ is a Neutral.
The score is primarily held back by very weak profitability and materially negative operating/free cash flow despite improving results year over year. A debt-free balance sheet provides some support, but valuation remains constrained by losses and technical signals indicate limited trend strength with extreme momentum readings.
To see Spark’s full report on TSE:BTQ stock, click here.
More about BTQ Technologies
BTQ Technologies Corp. is a Vancouver-based global quantum technology company focused on securing mission-critical networks. Listed on Nasdaq and Cboe Canada, the company develops post-quantum cryptographic solutions aimed at protecting digital assets and critical infrastructure as large-scale quantum computing advances, with a specific focus on the cryptocurrency and blockchain ecosystem.
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.87M
See more insights into BTQ stock on TipRanks’ Stock Analysis page.