Quantum Blockchain Technologies Plc – Business Update

Coinmama
Bybit


2 June 2021

Quantum Blockchain Applied sciences Plc(“QBT” or “the Firm”)

Enterprise Replace

In-Home R&D Programme for Bitcoin Mining

Genesis-mining

The board of Quantum Blockchain Applied sciences (AIM: QBT) is happy to tell shareholders that as a part of its new analysis and improvement (‘R&D’) technique in respect of superior proprietary strategies for Bitcoin mining, the Firm has entered right into a one-year service settlement with a UK primarily based worldwide cryptography skilled whose specialism is cryptocurrency mining blockchain optimisations.

Working collectively, the Firm believes that there are tangible and disruptive optimisations that may be made at a number of ranges inside the end-to-end Bitcoin mining course of, which might end in quicker execution and power saving.

Implementation on a primary set of present optimisations is anticipated to be prepared for testing within the coming weeks.

The intention of this work is to enhance the effectivity of Bitcoin mining, concentrating on a cloth discount in power utilization and quicker hash processing, which is able to improve the likelihood of profitable mining.

The Firm intends to use for patents over any related mental property generated from the method.

Moreover, already present and imminent optimisations are anticipated to be made accessible for mining on business cores inside the subsequent three months, on FPGA chips inside the subsequent six months and finally on ASIC chips by the second half 2022.

This line of R&D, which depends on AI deep-learning and cryptanalysis amongst different strategies, represents one of many “out-of-the-box” instructions taken by the Firm to attain extremely aggressive Bitcoin mining outcomes. The Firm and its new guide may even discover different proof-of-work cryptocurrencies and their aggressive mining benefits.

As a part of the one-year service settlement, the guide has been awarded share choices over 10,000,000 new abnormal shares of 0.25 pence every within the Firm at an train worth of 5p every, and which will be exercised between 15 February 2022 and 15 August 2022.

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Francesco Gardin, CEO and Chairman commented: “Securing the providers of a global skilled, who already has important expertise and know-how in Bitcoin mining optimisations, is among the first concrete strikes by the Firm to problem the substantial Bitcoin market.

“The Firm is addressing, in parallel, different cutting-edge approaches to Bitcoin mining, together with, amongst others, using quantum computing. Extra detailed bulletins will probably be made sooner or later. We imagine that this out-of-the-box strategy offers us the potential to play a disruptive function within the Bitcoin mining business.”

This announcement incorporates inside info for the needs of Article 7 of the Market Abuse Regulation (EU) 596/2014 because it kinds a part of UK home legislation by advantage of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Firm’s obligations beneath Article 17 of MAR.

-ends-

For additional info please contact:

Quantum Blockchain Applied sciences PlcFrancesco Gardin, CEO and Govt Chairman

+39 335 296573

SP Angel Company Finance(Nominated Adviser & Dealer)Jeff Keating

+44 (0)20 3470 0470

Leander (Monetary PR)Christian Taylor-Wilkinson

+44 (0) 7795 168 157

About Quantum Blockchain Applied sciences Plc

QBT (AIM: QBT) is an AIM listed funding firm which has just lately realigned its strategic focus to expertise associated investments, with particular regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The Firm has commenced an aggressive R&D and funding programme within the dynamic world of Blockchain Know-how, which incorporates cryptocurrency mining and different superior blockchain functions.

For additional info, please go to, www.quantumblockchaintechnologies.co.uk



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