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An update from Quantum Blockchain Technologies PLC ( (GB:QBT) ) is now available.
Quantum Blockchain Technologies Plc provided an update on its legal proceedings related to the Sipiem litigation case. The company was awarded over €6 million plus additional compensations, although ongoing appeals have delayed the recovery process. Its subsidiary, Clear Leisure 2017 Limited (CL2017), has initiated enforcement actions to recover funds through property and chattel asset confiscation, including the seizure of real estate worth more than €600,000 and artwork owned by defendants. These measures signal the company’s determination to secure the claim, representing a notable step towards resolving the matter and potentially impacting financial outcomes and stakeholders positively once the judgment is fully realized.
More about Quantum Blockchain Technologies PLC
Quantum Blockchain Technologies Plc (QBT) is a London Stock Exchange AIM-listed company engaged in Research & Development focused on blockchain technologies, including cryptocurrency mining and innovative applications. The company aims to disrupt the sector by developing advanced Bitcoin mining tools and techniques that outperform existing solutions.
Average Trading Volume: 7,117,910
Technical Sentiment Signal: Sell
Current Market Cap: £10.62M
For detailed information about QBT stock, go to TipRanks’ Stock Analysis page.