REG-Quantum Blockchain Technologies Plc: Update on Sipiem Recovery Action

Quantum Blockchain TechnologiesAnnouncement

Today 07:02

10 April 2026

 

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

 

 

Sipiem Recovery Action and Mediapolis Update

 

Quantum Blockchain Technologies plc (AIM: QBT), the AIM-listed investment
company, provides an update on the recovery action relating to the Sipiem In
Liquidation Srl (“                     Sipiem                    ”)
litigation, following its update of 19 March 2026, and its position in the
Mediapolis Srl (“                     Mediapolis                    ”)
insolvency.           

 

Sipiem

As previously announced, pursuant to a judgment issued by the Venice, Italy
Court of Appeal on 10 June 2024, QBT via its wholly owned subsidiary Clear
Leisure 2017 Limited, was awarded damages in excess of €6 million plus
interest and additional compensation for inflationary loss over time (“     
               Judgment                    ”).

 

Directed enforcement proceedings of the Judgment pending in Italy against one
of the former Directors of Sipiem included the sale of a seized real estate
asset, scheduled to take place on 6 May 2026. However, the Company has been
informed that the Director has filed a petition for bankruptcy (“court
supervised liquidation – i.e., “procedura di liquidazione controllata”)
and, as a result, an Italian Court has now issued an order staying the
enforcement proceedings.

 

Consequently, the liquidation of the Director’s seized assets has been
stayed. The Company's Italian legal counsel is currently reviewing the matter
and further updates will be made as appropriate.

 

Mediapolis

With regards to the insolvency proceedings concerning Mediapolis, the
insolvency liquidator has communicated to creditors, including QBT, that the
last outstanding creditor dispute has now been resolved. Accordingly, the
Company expects that the final instalment of approximately €132,000 due
under the settlement agreement concluded with the insolvency liquidator may
now be paid to it.                      QBT expects to receive these funds
upon completion of the remaining formalities of the liquidation proceedings,
which it anticipates shall occur prior to the end of June 2026.

 

-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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