Quantum Blockchain Technologies Plc - Business Update
("QBT" or "the Company")
Business Update
Throughout 2025, the Company has been engaging with several major companies within the Bitcoin mining sector. As a result of these activities, QBT has entered into three non-disclosure agreements ("NDA") with three separate ASIC manufacturers, each of which has developed its own Bitcoin mining rig.
The process has reached the stage where these three companies will now be needing to make their mining rigs available to QBT's testing team at its laboratory in
Joint analysis of the
hardware
version of Method C AI Oracle had previously commenced with one of the three ASIC manufacturers, as announced on
Therefore, in light of the above, QBT's involvement in a design collaboration for a new ASIC with this or any other ASIC manufacturer will now represent the second phase of any commercial relationship, following a successful roll-out of the software version of Method C.
QBT has also recently signed an NDA with an innovative Bitcoin mining pool, where the goal is to enable the nodes of the pool to help miners generate better quality hash rates, leading to more Bitcoin being mined, which has been the main focus of QBT's R&D programme. While this represents a further development challenge for the R&D team behind Method C, it could potentially open up the possibility of bypassing the need to modify the operating system of all the mining rigs using the pool. New training data sets for the software version of Method C learning models are currently being analysed for this purpose.
Regarding QBT's patent applications, the Company is working alongside its patent lawyers with patent examiners in
Finally, QBT is collaborating with a small startup which designs mining solutions around the Blockscale Intel ASIC. The two companies are conducting experiments on a wide variety of SHA-256 implementations from different manufacturers to determine the validity of the Company's three Methods: A, B and C in this specific environment.
"As with any R&D focused business, we continue to develop and refine our Methods, with ongoing investments in personnel and equipment. Although it has taken time, we are now seeing the results of the frequent meetings we have held with the ASIC manufacturers, and we believe we have begun to develop a high level of trust with these companies; the first step to forging a strong collaborative partnership."
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
For further information please contact:
SP Angel Corporate Finance (Nominated Adviser & Broker) +44 (0) 20 3470 0470
Leander (Financial PR) +44 (0) 7795 168 157
About
QBT (AIM: QBT) is a London Stock Exchange AIM listed
Glossary of Terms
ASIC : An Application-Specific Integrated Circuit is an integrated circuit chip customized for a particular use, rather than intended for general-purpose use. ASIC chips are typically fabricated using metal-oxide semiconductor (MOS) technology, as MOS integrated circuit chips.
Bitcoin mining pool : is a specialised company whose core business is coordinating the hashing power of many independent miners. The pool operator provides mining jobs, validates submitted work (shares), and aggregates this work to compete for block rewards. When the pool finds a block, it distributes the reward back to participating miners in proportion to the work each contributed.
Blockscale Intel ASIC : it refers to Intel's specialised application-specific integrated circuits designed for efficient blockchain hashing. This chip focused on high-performance, low-power cryptocurrency mining tasks.
Method C Hardware : QBT's proprietary logic gate architecture implementation of the AI Oracle to assess in real time on the ASIC the likelihood of an input to SHA-256 to generate a winning hash above given level of difficulty.
Nodes : in Bitcoin mining, nodes are computers running the Bitcoin software that validate transactions, maintain a copy of the blockchain and hold unconfirmed transactions. Mining nodes additionally compete to solve cryptographic puzzles to add new blocks and earn rewards.
SHA-256 : Secure Hashing Algorithm (SHA)-256 is the hash function and mining algorithm of the Bitcoin protocol, referring to the cryptographic hash function that outputs a 256 bits long value
