REG-Quantum Blockchain Technologies Plc: Market Update

Quantum Blockchain TechnologiesAnnouncement

20/10/2023 13:30

20 October 2023

 

 

Quantum Blockchain Technologies Plc

(“QBT” or “the Company”)

 

 

Market Update

 

The Company refers to a message it posted yesterday on its X (formerly known
as Twitter) account which states that its proprietary Method A and Method B
software are “available as a SaaS client-server cloud application by
uploading an upgrade to the mining rigs' firmware.”

 

In addition, QBT has revised the Method A and Method B product descriptions on
its website, by stating that they are now available as a SaaS platform
(Software as a Service) and have added two animations visualising the data
obtained by running Method A and Method B on its GPU testing platforms in time
lapse.

 

The need to adapt both Methods to a client-server architecture emerged from
discussions with potential BTC mining clients/partners and their request for
QBT source code to be installed on their mining rigs to be inspected for
security and other technical reasons. QBT, however, is not prepared to share
the source code of its Methods with any third party. The Company has therefore
made its Methods available in the form of a SaaS platform to enable the core
of the Methods to be installed on a QBT protected server and accessed by
potential BTC mining clients and partners to allow them to undertake
evaluation of the Methods and this was the substance of yesterday’s X
announcement.

 

-ends-

 

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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