REG-Quantum Blockchain Technologies Plc: Quantum Computing Research Programme

Quantum Blockchain TechnologiesAnnouncement

Yesterday 07:00

8 May 2026

 

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

 

 

Update on Quantum Computing Research Programme

 

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 an update on its
quantum computing research programme in relation to Bitcoin mining.

 

Further to the Company          ’          s previous announcement          
of 6 January 2023, QBT confirms that it has resumed its quantum computing
research activities. This research was put on hold at the end of 2023 due to
the lack of quantum computers with enough qubits to run QBT’s quantum
version of SHA 256.                      The same team at Milan University
originally selected for the original project will also feature upon its
resumption. This team continuity enables the Company to build directly on
prior work and accelerate progress in this strategically important area.

 

Strategic Positioning

Quantum computing remains one of the most potentially disruptive technologies
for cryptography and blockchain systems. Even incremental improvements in
solving proof-of-work problems could translate into short-term material
economic benefits in Bitcoin mining.

 

While current hardware limitations prevent immediate commercial deployment,
QBT believes that early positioning and proprietary development in this field
could provide a significant long-term competitive advantage.

 

 

Research Programme and Proprietary Assets

The resumed research programme focuses on both the evolution of quantum
hardware and the development of quantum algorithms applicable to cryptographic
hashing.

 

Importantly, QBT has developed an internal quantum implementation of the
SHA-256 algorithm.                      This represents a key proprietary
asset that positions the Company ahead of many other early-stage research
initiatives in this field.

 

This quantum SHA-256 capability will be deployed within QBT          ’      
   s independent benchmarking framework, enabling the Company to evaluate and
compare the performance of emerging quantum computing platforms as they
evolve.

 

In particular, QBT will:

•                                   systematically monitor
global developments in quantum computing architectures and scaling;

•                                   analyse advances in
quantum algorithms relevant to hashing and optimisation; and

•                                   leverage its proprietary
quantum SHA-256 implementation to benchmark real-world performance across
different quantum platforms.

 

Outlook

While quantum computing is not yet capable of delivering practical advantages
in Bitcoin mining, the pace of technological progress suggests that this could
change rapidly in the short-term.

 

QBT          ’          s strategy is           to remain ahead of the
curve, ensuring that it is technically prepared and strategically positioned
to exploit any future breakthroughs as soon as they become commercially
viable.

 


Francesco Gardin, CEO and Executive Chairman of QBT, commented                
   ,           “          We are           excited about the resumption of
our quantum computing programme with the same university team, allowing us to
build directly on the work already completed and accelerate our progress.

 

QBT already possesses a quantum implementation of SHA-256, which we believe
represents a meaningful step forward and provides us with a strong foundation
for benchmarking and future development.

 

While quantum computing is not yet ready for practical deployment in Bitcoin
mining, we believe that early investment and proprietary capability in this
area could translate into a significant competitive advantage in the
future.”

 

-ends-

 

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

Caroline Rowe / Devik Mehta

 

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.

 



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