Quantum Blockchain Technologies Plc

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GB00B50P5B53

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Market Closed - London S.E. Other stock markets 11:35:17 2024-04-24 am EDT			5-day change	1st Jan Change
1.085 ^GBX	0.00%		0.00%	-31.11%

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 Raises GBP1 Million via Discounted Share Placing

June 01, 2023 at 02:56 am EDT

By Ian Walker

Quantum Blockchain Technologies said Thursday that it has raised 1 million pounds ($1.2 million) via a discounted share placing and will use the money toward research and development, with a particular focus on its bitcoin mining machine learning algorithms and software product release.

The cryptocurrency technology company said that it will also use the funds for the development of its North America business, among other things, and for provide general working capital.

Quantum has placed 71.4 million new ordinary shares at 1.4 pence each, a 27% discount to its closing price of 1.93 pence on Wednesday.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

06-01-23 0255ET

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)	64,336 USD	-3.13%	+4.06%	-
BITCOIN (BTC/EUR)	60,144 EUR	-3.12%	+3.26%	-
QUANTUM BLOCKCHAIN TECHNOLOGIES PLC	1.085 GBX	0.00%	0.00%	17.43M

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.

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Investment Management & Fund Operators

Calendar

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

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