Member Info for FigTreeHarry

Re-reading extract from DSFLAT previous communication from FG; Jan 21st:

Simulations of performance are being conducted and results will be shared with the market, as soon as practical.'

FG;
'Thank you for your email.

As you can imagine, we are fully aware of the INTEL development. The entrance of a High Profile player into the Bitcoin mining ASIC sector is, for the Company, excellent news.'

Intel news on new BTC mining chip, new chip plants in Italy, France Germany and today's announcement of a $20B USA chip plant make me think that QBT are making the right moves.

It will require some patience to see things through...

Like growing Asparagus ;-)

- that was 2 weeks ago I believe.

Chip shortages crisis is not going away, going to get worse, much worse. I am a tad sceptical INTEL may follow through for small mining revenue stream (in the grander scheme of thing - considring their revenues are around $77bn annually and stagnant of late, their main priority with further chip shortages on the horizon, specifically VR headsets demand to grow expotentionally., should be the mass market. They could still do it, but not for the public. Although they have announced griid. There is still more to be confirmed later this month. Intel major shareholders are thinking this is small potatoes for intel. However for a tiny company like QBT this is a game changer and a company maker. I’m aware they (INTEL ) going to be setting chips foundaries/ operations in europe and the US, (to compete with China/ SK and Taiwan) with new invetsment already announced. Anyway will be interesting what the final decision will be on BTCmining chips.

Whichever way QBT shareholders benefits much much more.

We maybe in a closed period, due to year-end reporting, I think it is dec 31s-21?
We may see this final report /results first.

It is also exactly 12months since CLP announced first new “aggresive new investment program” was announced to become Bitcoin validators. Greener mining, faster mining, more energy efficient. Including Hydro-electrics, and new site (now Italy) not everything has been delivered or made official just yet.

Dec 31st report will hold some details. With additional news included for Q1-2

That maybe reason for no rns to date in Jan.
Some reporting rules.

I’ll give to the QBT investors here, they have been steadfast and patient. Myself included. This is our first pay back time, return on investment for holding for 12months. Hopefully for the Expert too on his 5p options for all his hard work. He may even recieve another bonus, if this is a massive success before he leaves. His 12month contract ends Aug.

As Mike pointed out a few times, any delays would have been resolved, before hand. Small miners are now successfully mining blocks, we see it everyother day. Plus side, QBT have a team of 12 academics, some international crypto experts, who additionally have the full support of DWAVE (according to RNS) on their 2 applications and any simulations and further “new support” from the major chip foundary RnD team regarding. This is invaluable. Collectively that equates to a plethora of, all round support from 2 huge companies to make this a success, in addition to the skilled Team.

If it’s not Intel, then the other 2-4 majors, will be assisting/ supporting QBT on RnD, on 5nm, according to RNS.

My thoughts only...

Sorry, I need to elaborate, when I say why wait for 5p (to take-up and buy the options), why not buy some shares (from the market) at 2.5p and sell them at a high price, e.g sell at 10p, and use the profits to buy/ take-up 10m for a freeride....

Crytographer’s employment status is a consultant, not an employee of QBT, therefore there is no disclosure to the market.

It is an assumption, but one that works if you the one assigned to building a rolls royce engine, and expect the market to react to it favourablely, you would invest in it. Buying at 2.5p now and selling at 10p, thereafter using profits to take-up 10m for free.
That is what a shrewd investor would do or if I was the expert, and fully believed in the product being delivered.

Agree with your points NR1.

All about being “In the money” I.e once sp is well above 5p+ plus the other 2 points mentioned.
All the big news/ deliverables are planned for Q1. With February given as a key date, for 3-4 major deliverables.
Once “in the money” and comfortably up (away from wild swings volatility -this is AIM) Expert/holder may take-up part or full 10m shares. Once Taken-up the share, he may hold just like any investor, long term.
The april date is irrelevant. It does not mean he has to sell them, immediately after take up.

The key questions are?
1) Where/ how does Expert find the money for the take-up of 10m shares at 5p?
2) Why wait to buy 10m shares at 5p, when he can buy 10m now at 2.5p - Before the news ?

Bear in mind the Crypto Expert created the strategy and is working on the major deliverables along with FG and both planned the date and timelines of the deliveries around the Feb 15th date, (midQ1...) give or take a week or two.

Anybody seen a 10m trade recently...?

With no news since Nov 30th, froth starting to build up.
FEB-22 summary of news updates we could expect...

Business operations in ITALY: BTC Testing mining using experimental algorithms - update
Followed by:
1. Patent_2 announcement= improved ASIC Ultraboost IP Filing - (twice as fast is minimum)
2. Artificial Intelligence RnD approach - AI machine learning, using automatic expression reductions tools to mine blocks: 2-3 lrders of magnitude - (Result confirmation expected)
3. News on using chip with “existing commercial machines” with accelerated AI approach, decision regarding new BTC engine.
4. AI approach results = new patent_3?
5. Hardware chip integration into existing commercial machines. (GPU’s)
6. Early BTC £££revenue confirmation?
7. News on cryptoCCY mining and other advanced blockchain applications
8. Asic “5nm chip” prototype design and next testing phase of 5nm ASIC - work commences
9. Selected partnerships given access to proprietary mining hardware and software - LOI?
10. Selected Mining Pool and data services partnerships update - LOI signed?
11. Feb 15th “Expert crytographer” 10m Stock options exercisable@5p kick-in
12. New RnD work-streams. I.e. Cyber security software?
13. End of year reporting ?
14. Hydro-electric supplier in north Italy - contract news TBD
15. Hints on a Nasdaq listing in Q3-Q4.
16. New CEO Appointment for Q3? (FG could move to Chairmanship role?)TBD

Big reporting month = 1-2 FG short interview’s into the mix of communication is possible.

Plenty of game changing news to look forward from here, given there has been no news for a while now.
We could see a few rns, there is a lot to report now, so anything could happen this month. Best time to be holder right now.
DYOR and ATB

Great points as ever. I would add to it Mike, that QBT RnD deliveres form part of an “aggressive RnD investment program”. Deliver they must, “as time to market” is important in this industry, and being ahead of it’s competition. Working in overdrive is a neccesity to have earlier success as Suthy states. The rapid and disrupting the status quo and becoming the fastest on the planet is just an element of the final finished product. Which can be improved each year. 5nm to 3nm chips in the future if and when required to do so. Patent_2 is the improved version of patent_1 asic ultraboost filed in from Sept-21. That is our understanding.

Therefore Patent_2 would now be the final asic_UBpatent_2 for now at least...?

Waiting game here now, albeit with each successive day we are closer to pieces of news

Locked-loaded and invested, and ready to strap-in on news;)
Anything is possible now next 5 weeks, with all the news flow..

Q) Selected partners will have access to proprietary mining hardware and software, as well as mining pool and data services.

Who will be the lucky few??

No way Jose...
I thought the world was ending with crypto armeggedon on our feet, according to school kids on here 3-4 days ago...;)
Back to their art classes it seems.

Hard to believe, next Tuesday is Feb 1st....??!

No news is good news, let it all simmer and bubble, like a good stew.

Just a quick hello,
I used to be a holder, the likes of Mark, Mousey, IK, and a few others incl Twisty the pole queen, and Expru...the broth stirrer.

Can’t believe the sp last 2 sessions.
I managed to get out in 2020, after the new CEO was voted in.
Takes me back a bit.

There are better stocks out there 100%, this was always a gamble, after a point, but I had to sell out to seek better returns.
Maybe that time again is now. In case amgo suddenly suspend the stock, in which case you lose the lot? And may not see any returns? You guys know the risks. Just looking out for the ones who I knew here, that is all. Peace.
Just my two pennies worth as some would say.
Take care all.
FigtreeH

Suthy,
A part of me believes that such behaviour, incl trolling on christmas day/ morning posts and new years days from 6.00am repeated posts at that.

Serious mental health Issues.
I hope the individual person takes the recommendations of support offered to him/ her.
Not normal at all.

Ian,
Why don’t you sell up and buy argo, they mine, no need to wait until Q4?
That’s what you want.

Go for it.

To be Independant means non-reliant on expensive rig orders.

Dec5th-22
CEO: “We will be in a position to begin to mine as soon as begining of next year” = Q1-22
CEO: Our IT infrastructure is shipped to Italy next week. It Includes support infrastructure for RnD team. Our bitmining node. So we can start using our experimental algorithms ready for Q1 next year.

Q1 mining is first goal
Rememeber there are “multiple approaches” to mining BTC. And the goal is to be Independant and not follow the herd mentality. Avoid paying ridiculous amounts for rigs, which burn out every 3 years.

When Minor1 was put On hold, it was for a very good reason.
The capital intensive approach to mining wasted £m’s in capital funding set-up. FG envisionaed the company dilemma’s and concerns that would follow if he followed the herd mentality i.e. argo et al. Price of BTC was below $10k, profitablity was questionable after costs of rigs etc.

Vision was needed. A knowlledge intensive approach was required.
A team of experienced research academics, which many laughed at on this BB, but feared the approach at the same time. Because it made sense and their investment would be affected. Not FG’s problem.
This is now increasingly very clear. It made sense to me 12months back at placing.

QBT and Intel announcment will pave the way forward. End of.

The point being the RnD work is the real deal.

Less is more;)

Reminder..

Bitcoin paper 2009......Now a £Trillion+ crypto industry

ETH Paper.....Etherium worth £bn’s+

ASIC Boost....QBT UtraBoost Patent_1_2 coming soon

AI/ Quantum ....QBT.....

(Food for thought..)

AI /Deep Learning, Machine Learning RnD +Dwave computational power:

July 12th RNS:
“QBT’s quantum computing team is working on the ( Dwave) “Leap platform” with the goal to exploit the speed of quantum computations, which can be, under the appropriate conditions, “several order of magnitudes faster than a classic computer”.

Oct 26th: RNS
In the early stages of the AI Deep-Learning tests to optimise the Bitcoin mining algorithm, QBT’s AI system autonomously generated one of the already existing optimisation provided to the Company by its expert. This “first result” strongly supports the AI Deep Learning strategy adopted by the Company.

Nov 5th: RNS
RnD on AI Accelerator:
“Moreover, early experimental evidence, using AI techniques to multiply by several factors the speed of an FGPA for computing the Bitcoin mining algorithm, would make even an FPGA a competitive Bitcoin mining tool. This same principal would apply to ASIC and other existing commercial mining tools. (Commercial GPU’s?).” Tests on this innovative approach, will continue over the next three months - (expected Jan-22)

“Using AI techniques to multiply by several factors the speed of an FPGA” already evident by AI workgroup back end of Oct-21

Dec 5th: CEO interview:
We are currently seeing extraordinary results from our AI Team, which means if we can incorporate those results into our chip, our chip could be 100x, 1000x faster. I’m not saying we will be able to achieve this result, but our early indications are, our AI techniques will make the computational bitcoin mining algorithm even faster.
By 3 orders of magnitude.

“By 3 orders of magnitude”
=1000x

To summarise CEO states from “several orders of magnitude 10,000x - 100,000x, to multiply by several factors the speed, to 3 orders of magnitude 100x - 1000x”.

Take your pick and try not to overthink...lol

Argo and Amigo...

A circus shoot?
That’s two “goes” for the price of one, Sir!
You always lose ..

Or the Song?
Wake me up, before you go...go...

A combined drop of 60.4%....??!
Best avoid stocks named with “go...”