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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 the 17th anniversary of the cryptocurrency’s genesis block. The network replaces Bitcoin’s existing ECDSA signatures with NIST-standardized ML-DSA post-quantum cryptography—the same algorithm mandated by U.S. authorities for national security systems—to address the growing risk that future quantum computers could compromise an estimated hundreds of billions of dollars’ worth of BTC whose public keys are already exposed. The open, permissionless testnet invites miners, developers, researchers, and users to mine blocks, build tools, audit the ML-DSA implementation, and stress-test quantum-resistant transactions, positioning the project as a live “quantum canary” environment validated by research firm Delphi Digital. Against a backdrop of rapid quantum-computing advances and tightening government mandates on post-quantum security, the initiative is intended to give the crypto industry a production-ready path to upgrade Bitcoin-like networks before quantum attacks become practical, potentially enhancing BTQ’s role as a key enabler of the sector’s long-term security transition.
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 global quantum technology company listed on Nasdaq and Cboe Canada that focuses on securing mission-critical networks. The firm develops post-quantum cryptographic solutions aimed at safeguarding digital assets and critical infrastructure as advances in quantum computing threaten existing encryption standards, with a particular emphasis on applications in the cryptocurrency and broader digital-asset ecosystem.
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.87M
For detailed information about BTQ stock, go to TipRanks’ Stock Analysis page.