Quantum Blockchain advancing new subsidiary BlocKeeper

(Sharecast News) - Quantum Blockchain Technologies provided an update on its newly incorporated subsidiary BlocKeeper on Thursday, outlining plans to build a capital-light "virtual mining" business focused on acquiring and managing Bitcoin hash rate from established industry participants.

The AIM-traded company said BlocKeeper had been incorporated in Malta and was in commercial discussions with hashpower providers, Bitcoin miners, brokers and mining pools ahead of a proposed fundraising and admission to the Aquis Stock Exchange Growth Market.

The model is designed to provide liquidity solutions to mining counterparties while enabling access to Bitcoin production without the need to own mining infrastructure or procure energy directly.

QBT said BlocKeeper would be led by chief executive Alessandro Malacart and chaired by QBT chief executive Francesco Gardin, supported by directors with experience in quantitative finance, treasury management and governance.

The company added that BlocKeeper could eventually utilise QBT's AI-driven Bitcoin mining technologies once they become commercially available, although the proposed Aquis listing remains subject to fundraising, regulatory approvals and market conditions.

At 1212 BST, shares in Quantum Blockchain Technologies were up 2.72% at 0.37p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate

Quantum Block