Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Raises GBP1.0 million via placing 71.4 million shares at 1.4 pence per placing share, a 27% discount to Wednesday's closing price of 1.93p. Company will use proceeds for research and development programmes, especially further development of its proprietary bitcoin mining machine learning algorithms and software product release, as well as its North America business development activities. Chief Executive Officer & Executive Chair Francesco Gardin says: "We are pleased to have performed this placing, which secures the funds to continue implementing the development of the company's cutting edge proprietary technologies."
Current stock price: 1.51 pence, down 22% on Thursday
12-month change: down 32%
By Tom Budszus, Alliance News reporter
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Quantum Block (QBT)