Quantum Blockchain Technologies Plc

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CLP

GB00B50P5B53

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Market Closed - London S.E. Other stock markets 11:35:10 2024-04-30 am EDT			5-day change	1st Jan Change
1.05 ^GBX	+2.44%		-3.23%	-33.33%

Mar. 13	Quantum Blockchain eyes completion of new machine learning method	AN
Jan. 03	Quantum Blockchain Technologies Announces Change of Registered Office Address	CI

Quantum Blockchain Technologies Shares Rise After Bitcoin Mining Test Success

May 10, 2023 at 03:49 am EDT

By Kyle Morris

Shares in Quantum Blockchain Technologies rose 12% on Wednesday after the company said that it has seen significant improvements in its bitcoin mining success rate and energy use after making advances in its software.

The company said testing of its proprietary bitcoin mining search algorithm has shown a theoretical improvement of 2.6 times compared with standard bitcoin mining industry practices.

Shares at 0723 GMT were up 0.18 pence at 1.65 pence.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

05-10-23 0348ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BITCOIN (BTC/USD)	60,358 USD	-5.46%	-4.50%	-
BITCOIN (BTC/EUR)	56,477 EUR	-5.18%	-5.09%	-
QUANTUM BLOCKCHAIN TECHNOLOGIES PLC	1.05 GBX	+2.44%	-3.23%	16.61M

Latest news about Quantum Blockchain Technologies Plc

Quantum Blockchain eyes completion of new machine learning method	Mar. 13	AN
Quantum Blockchain Technologies Announces Change of Registered Office Address	Jan. 03	CI
FTSE 100 Closes Monday Higher as Israel Escalation Concerns Ease	23-10-30	DJ
UK's Quantum Blockchain Technologies Raises GBP2 Million Via Share Placement	23-10-30	MT
Quantum Blockchain shares plummet on discounted GBP2 million placing	23-10-30	AN
EARNINGS: Shepherd Neame says "turmoil" easing; Everyman upbeat	23-09-27	AN
FTSE 100 Closes Up 0.07% Tuesday, Buoyed by Weak Pound	23-09-26	DJ
Quantum Blockchain Technologies Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-26	CI
UK’s Quantum Blockchain Technologies Files Patent for Bitcoin Mining Procedure	23-07-24	MT
Quantum Blockchain files patent for "innovative" mining procedure	23-07-24	AN
Quantum Blockchain Technologies plc Announces Patent Application	23-07-24	CI
Quantum Blockchain Technologies Plc Auditor Raises 'Going Concern' Doubt	23-07-10	CI
Quantum Blockchain Technologies keeps 2022 finances steady	23-06-30	AN
Quantum Blockchain Technologies Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-06-30	CI
FTSE 100 Closes Up 0.6% as Mining, Oil Stocks Gain on Hopes of Slowing Inflation	23-06-01	DJ
Sterling Lifted by Higher UK Real Yields, But This Could Change	23-06-01	DJ
AIM WINNERS & LOSERS: Westminster Group surges as revenue jumps	23-06-01	AN
Quantum Blockchain Technologies raises GBP1 million	23-06-01	AN
Quantum Blockchain Technologies Raises GBP1 Million via Discounted Share Placing	23-06-01	DJ
Quantum Blockchain completes testing phase of bitcoin mining algorithm	23-05-10	AN
Quantum Blockchain Technologies Shares Rise After Bitcoin Mining Test Success	23-05-10	DJ
Quantum Blockchain Technologies plc Announces Bitcoin Mining Update	23-05-10	CI
Petra Diamonds sells more diamonds amid price growth	23-03-17	AN
Quantum Blockchain applies SHA-256 to other cryptocurrencies	23-01-20	AN
Quantum Blockchain to Apply SHA-256 Optimizations to Other Cryptocurrencies; Shares Jump 17%	23-01-18	MT

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Company Profile

Quantum Blockchain Technologies plc is a United Kingdom-based investment company. The Company is focused on technology related investments, with special regard to quantum computing, blockchain, cryptocurrencies and artificial intelligence (AI) sectors. The Company has commenced a research and development (R&D), and investment program in blockchain technology, which includes cryptocurrency mining, and other advanced blockchain applications The Company has developed Bitcoin (BTC) mining strategy, called Method A and Method B. Method A is available as a software as a service (SaaS) client-server cloud application by uploading an upgrade to the mining rigs' firmware. The Company servers, where the Method A engine runs, receive data from the mining rig, the client, responding with parameters at the beginning of each new block computation. Method B is available as a SaaS client-server cloud application via a module upgrade to uploading an upgrade to the mining rigs' firmware.

Sector

Investment Management & Fund Operators

Calendar

2024-06-27 - Q4 2023 Earnings Release (Projected)

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