Quantum Blockchain Technologies Innovates in Bitcoin Mining

Quantum Blockchain Technologies PLC (GB:QBT) has released an update.

Quantum Blockchain Technologies PLC reports persistent efforts towards developing its first commercial Bitcoin mining products, leveraging an intensive R&D program that includes promising innovations such as Asic UltraBoost, Quantum Mining, and AI-based methods aimed at optimizing SHA-256 computations. The company’s interim results indicate a comprehensive loss but highlight significant R&D milestones, ongoing legal resolutions, and investment in future technology, including discussions with industry players for potential partnerships and product deployment. Quantum Blockchain Technologies remains committed to its long-term goal of creating an in-house ASIC chip for Bitcoin mining and a quantum computing-based miner, despite slower progress in R&D outcomes.

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