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IN BRIEF: Quantum Blockchain shares surge amid bitcoin mining talks

Thu, 19th Jun 2025 14:27

Quantum Blockchain Technologies PLC - London-based, blockchain sector-focused investor - Announces it is in talks with two unnamed companies over the potential use of its bitcoin mining technology, and is in talks with two chip manufacturers to use its Method C software. This follows the Bitcoin 2025 conference in Las Vegas where the company presented its artificial intelligence technology for bitcoin mining. Quantum Blockchain Chief Executive Officer Francesco Gardin says: "The company is finally entering into the on-site third-party assessment phase with potential customers and partners. The live and off-line demonstrations of QBT's technology in Las Vegas proved to be essential in convincing some of the major players that the ability to make predictions on the behaviour of SHA-256 using AI learning models is indeed, real, as it provides a practical solution to improve the quality hashing power of a miner."

Current stock price: 1.10 pence, up 50% on Thursday afternoon in London

12-month change: up 26%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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