Business
Business Update
Quantum Blockchain Technologies Plc has entered into three non-disclosure agreements with ASIC manufacturers to test the software version of its Method C AI Oracle on their Bitcoin mining rigs, prioritizing this over the hardware version due to faster commercialization potential. The company is also exploring collaboration with a Bitcoin mining pool to improve hash rates and is conducting experiments on SHA-256 implementations with a startup. QBT remains optimistic about its patent applications in Europe and the US, with ongoing engagement with patent examiners. Disclaimer*
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n5 December 2025 Quantum Blockchain Technologies Plc(\"QBT\" or \"the Company\") Business Update 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 the following update regarding progress towards the commercialisation of its Bitcoin software products. Throughout 2025, the Company has been engaging with several major companies within the Bitcoin mining sector. As a result of these activities, QBT has entered into three non-disclosure agreements (\"NDA\") with three separate ASIC manufacturers, each of which has developed its own Bitcoin mining rig. The process has reached the stage where these three companies will now be needing to make their mining rigs available to QBT's testing team at its laboratory in Milan, with access to their relevant source code. This will allow QBT to install the software version of Method C AI Oracle, the launch of which was announced on 12 November 2025, onto the third-party mining rigs. This will be the first step to allow each miner to assess the performance of the higher quality hashing rate provided by Method C. Joint analysis of the hardware version of Method C AI Oracle had previously commenced with one of the three ASIC manufacturers, as announced on 8 April 2025. However, due to the need for the hardware version to be integrated into the ASIC architecture, a process which could take up to 18 months for the new chip to come to market, it has been mutually agreed to give operational priority to the new software version, as a commercial roll-out is expected to be achieved much faster with this approach. Therefore, in light of the above, QBT's involvement in a design collaboration for a new ASIC with this or any other ASIC manufacturer will now represent the second phase of any commercial relationship, following a successful roll-out of the software version of Method C. QBT has also recently signed an NDA with an innovative Bitcoin mining pool, where the goal is to enable the nodes of the pool to help miners generate better quality hash rates, leading to more Bitcoin being mined, which has been the main focus of QBT's R&D programme. While this represents a further developmen...