REG-Quantum Blockchain Technologies Plc: Bitcoin Mining Report

Quantum Blockchain TechnologiesAnnouncement

22/03/2023 07:15

 22 March 2023

Quantum Blockchain Technologies Plc
( “QBT” or “the Company”)

Publication of Company report on Bitcoin mining industry

Quantum Blockchain Technologies, the AIM-listed (AIM: QBT) company actively
developing breakthrough hardware and software to improve the efficiency of
crypto-currency mining, today publishes its detailed research report on the
financial performance of the world’s leading publicly-traded Bitcoin mining
businesses.

The report, titled “BTC 2022 Mining Industry: Main Listed Miners” is
available by clicking on the following link
(file:///C:/Users/jeffkeating/Library/Containers/com.apple.mail/Data/Library/Mail%20Downloads/E028E77A-E4FB-44D5-B52E-75EBE1B1D877/linktome.com):
quantumblockchaintechnologies.co.uk/investor-relations/reports
(file:///C:/Users/micha/Downloads/quantumblockchaintechnologies.co.uk/investor-relations/reports)

Among the report’s key findings is the surprising inverse relationship
during 2022 between the Bitcoin price and the technical difficulty of mining
successfully. As the price of Bitcoin fell, it became more difficult and
expensive for miners to participate in the industry.

The report dissects various performance metrics of the nine largest
publicly-traded Bitcoin mining companies and also ranks them on their 2022
mining output. Key factors such as individual company’s electricity usage,
EBIT and EBITDA, mining efficiency, the ratio between Bitcoins mined and sold
for liquidity purposes are all tabulated and graphed. Bitcoin is the largest
cryptocurrency in the world. It lost nearly 65% of its market value during
2022.

For Quantum Blockchain Technologies (“QBT”), the research underpinning
this report is part of the Company’s fundamental analysis to discern
important economic drivers of today’s Bitcoin mining industry. QBT sees
significant opportunities for new technologies, including those being
developed at the company, to improve the operational performance and financial
return of Bitcoin mining hardware.

For further information please contact:

Quantum Blockchain Technologies Plc
Francesco Gardin, CEO and Executive
Chairman                                +39 335
296573

SP Angel Corporate Finance (Nominated Adviser & Broker)
Jeff Keating 
                                                                                 
 +44 (0)20 3470 0470
Kasia Brzozowska

Leander (Financial PR)
Christian Taylor-Wilkinson 
                                                         
 +44 (0) 7795 168 157

About Quantum Blockchain Technologies Plc

QBT (AIM: QBT) is an AIM listed investment company which has recently
realigned its strategic focus to technology related investments, with special
regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The
Company has commenced an aggressive R&D and investment programme in the
dynamic world of Blockchain Technology, which includes cryptocurrency mining
and other advanced blockchain applications.



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