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Quantum Blockchain Technologies PLC ( (GB:QBT) ) just unveiled an update.
Quantum Blockchain Technologies Plc announced its final results for 2024, highlighting significant advancements in its R&D program aimed at enhancing Bitcoin mining efficiency. The company introduced ‘Method C,’ a breakthrough AI-driven technology that improves mining efficiency by 30%, and is collaborating with ASIC manufacturers for integration. Additionally, QBT is working on commercializing its Method A and B technologies and has initiated discussions with major Bitcoin mining and ASIC companies for potential partnerships. These developments position QBT at the forefront of the Bitcoin mining sector, especially as the industry adapts to changes following Bitcoin’s halving event and increasing energy concerns.
More about Quantum Blockchain Technologies PLC
Quantum Blockchain Technologies Plc (QBT) is a London Stock Exchange AIM-listed company focused on research and development to disrupt the blockchain technology sector, particularly in cryptocurrency mining and advanced blockchain applications. The company aims to develop innovative Bitcoin mining tools and techniques that outperform current market practices.
Average Trading Volume: 16,214,870
Technical Sentiment Signal: Hold
Current Market Cap: £13.19M
Learn more about QBT stock on TipRanks’ Stock Analysis page.