Quantum Blockchain Technologies Plc Market Update

 
TIDMQBT 
 
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. 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/quantum-blockchain-technologies-plc/r/market-update,c3857968 
 
 
END

(END) Dow Jones Newswires

October 20, 2023 08:16 ET (12:16 GMT)

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