REG-Quantum Blockchain Technologies Plc: Business Update

Quantum Blockchain TechnologiesAnnouncement

Today 07:02

5 December 2025

 

 

Quantum Blockchain Technologies Plc

("QBT" or "the Company")

 

 

Business Update

 

Quantum Blockchain Technologies plc (AIM: QBT), the AIM-listed investment
company focused principally on a research, development and investment
programme within blockchain technology is pleased to provide           the
following update regarding progress towards the commercialisation of its
Bitcoin software products.

 

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 Milan, with access to their relevant source code. This will
allow QBT to install the                      software                    
version of Method C AI Oracle, the launch of which was announced on 12
November 2025, onto the third-party mining rigs. This will be the first step
to allow each miner to assess the performance of the higher quality hashing
rate provided by Method C.

 

Joint analysis of the                      hardware                    
version of Method C AI Oracle had previously commenced with one of the three
ASIC manufacturers, as announced on 8 April 2025. However, due to the need for
the hardware version to be integrated into the ASIC architecture, a process
which could take up to 18 months for the new chip to come to market, it has
been mutually agreed to give operational priority to the new                  
   software                     version, as a commercial roll-out is expected
to be achieved much faster with this approach.

 

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 Europe and the US to respond to these
examiners' queries and objections. This is standard procedure for most patent
applications, and the Company remains optimistic that it will see positive
results.

 

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.

 

Francesco Gardin, CEO and Executive Chairman, commented                    ,
"The Company is now engaged with the ASIC manufacturers it has been targeting
over the past year. The Board believe QBT's technology proposition is unique
within the Bitcoin industry, which is the main reason why there is such a high
level of interest from mining companies assessing our technology. We firmly
believe that the potential commercial advantage our Methods could bring to
their mining rigs is an unprecedented and compelling technological
proposition.

 

"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."

 

-ends-

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

For further information please contact:

 

Quantum Blockchain Technologies Plc                               +39 335
296573

Francesco Gardin, CEO and Executive Chairman

 

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

Jeff Keating

 

Leander                                                    (Financial PR)    
                +44 (0) 7795 168 157

Christian Taylor-Wilkinson

 

 

About Quantum Blockchain Technologies Plc

 

QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development
and investing company focused on an intensive R&D programme to disrupt the
Blockchain Technologies sector which includes, cryptocurrency mining and other
advanced blockchain applications. The primary goal of the R&D programme is to
develop Bitcoin mining tools and techniques, via its technology-driven
approach, which the Company believes will significantly outperform existing
market practices.

 

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.

 

Method C Software:                     A software version of the Method C
Oracle that can be integrated directly into CGMiner, or similar operating
systems running on the control boards of Bitcoin mining rigs, to assess the
likelihood of headers 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

 

 

 

 



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved