Business
Disposal of Interest in ForCrowd
Quantum Blockchain Technologies Plc has agreed to sell its entire remaining 23.39 per cent. equity interest in Forcrowd S.r.l. for an aggregate gross proceeds of €155,000, comprising €25,000 for a 5.47 per cent. stake and €130,000 for the remaining 17.92 per cent. This disposal, expected to complete within five business days following the registration of Forcrowd's €400,000 capital increase, aligns with QBT's strategy to focus resources on its core blockchain, Bitcoin mining optimisation, and AI-driven solutions, and will result in QBT ceasing to hold any interest in Forcrowd. Disclaimer*
About this update from Quantum Blockchain Technologies Plc
11 June 2026 Quantum Blockchain Technologies Plc ("QBT" or the "Company") Disposal of Interest in Forcrowd S.r.l. Quantum Blockchain Technologies Plc (AIM: QBT) announces that it has entered into a binding agreement for the disposal of its entire remaining equity interest in Forcrowd S.r.l. ("Forcrowd"), the Italian fintech and crowdfunding platform in which QBT has been a shareholder since its initial investment in October 2019. The disposal forms part of QBT's strategy of focusing its resources and management attention on its core activities in blockchain technologies, Bitcoin mining optimisation and artificial intelligence-driven solutions. Under the terms of the transaction, QBT will dispose of its entire residual holding in Forcrowd following the completion and registration of a €400,000 capital increase (“Capital Increase”) which Forcrowd has completed this week. The residual stake following completion of the Capital Increase, being 23.39 per cent., will be acquired by a group of Italian investors with significant experience in financial services, investment management and corporate finance, together with an existing shareholder of Forcrowd. The transaction comprises: - the sale of a 5.47 per cent. interest pursuant to a previously agreed option arrangement for a consideration of €25,000; and - the sale of the balance of QBT's remaining shareholding (being 17.92 per cent.) for a consideration of €130,000. The aggregate gross proceeds receivable by QBT amount to €155,000 . Completion of the transaction is conditional upon the registration of Forcrowd's Capital Increase with the relevant Italian corporate authorities and is expected to occur within five business days thereafter. Upon completion, QBT will cease to hold any interest in Forcrowd. As part of the transaction, Francesco Gardin will step down from his position as Chairman of Forcrowd upon completion, reflecting QBT's full exit from the company and concluding QBT's involvement in the governance of Forcrowd. Since QBT's initial investment in October 2019, Mr Gardin has served as Chairman of Forcrowd without receiving any remuneration, directors' fees, bonuses, share awards or any other compensation in connection with that role. The Board believes that...
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