Member Info for FigTreeHarry

From interview:

CEO:
When you have knowledge to create own enhanced chips it is like printing your own money in a printing machine.
Open to “Licence out chip technology”
Open to “partnerships” and “open to discussions” as you see now large clients and co’s now typically are pre-ordering huge, something like 13500 machines. This is the trend.

Currently QBT is still a tiny £27m company.
A long way away from Unicorn status. I.e. $1bn+. Are you interested in US listing?
CEO: Dual listing on Nasdaq we thought about it, it could happen in the future.
We are open to partnerships and discussions....

As QBT progresses, CEO is open to ideas.
CEO: “of course this is the natural course of planning as we progress....”.

FG:When price of BTC surges to $100k, the price of miner machines from the 4-5 main suppliers also increases. - $10k double to $20k per machine. We wish to be independant from this. Freedom to make our own ( ASIC ULTRABOOST_ chips.

RNS SOURCE: NOV5th 2021

QBT has now completed the FPGA development phase and is moving to develop its ASIC protype:

Initial estimates derived from the FPGA performance obtained from our internal testing, would indicate that when the final industrial ASIC prototype design is completed it could outperform the fastest ASIC chip, currently being used to mine Bitcoin by at least 24%.

FPGA and ASIC development summary of progress:

FPGA chips = protype of ASIC “ULTRABOOST” chip
FPGA - low level programming required - TICK
BTC algorithm core architecture for FPGA chip selected and modification completed-Tick
First phase of the FPGA development has now been completed- TICK
FPGA’s optimised to be better than very best ASIC chips currently on the market - TICK
FPGA chip “ultraboost” Prototype ready by Jan-end-2022 TBC
BTC MINING TESTING commences on 6th-12th Dec-2021
“The IT infrastructure, is ready for Bitcoin mining tests to be carried out, will be operational in five weeks’ time = Early Dec-21
QBT Ready for mining by Q-22
FPGA to ASIC could become a powerful Bitcoin mining machine.

All for fun ricky.

I prefer the top 10 italian swear words list used in this case..lol

Code 100?

When you see the 100 number on the time and sales level 2 order book it means that a market maker needs shares. If you're an individual investor and see this number, it means that the stock is in heavy demand. This can be good if you want to buy more shares because other investors are also scrambling for them.

And....

“Rejected a request by some defendants to file an additional document”

MM’s are alive.....was wondering they had won the lottery and gave up the day-time job.

Reference what happened in this court hearing.
A Defendant had died, typically many quietly expected that would be in their favour, obviously not.
The Judge is not doing any favours that’s clear for now.

The whole scenario has remarkably swung in favour the opposite way to Professora F. Gardin.
€9m would be short of 10% from original claim.

Zero sympathy towards the defendants. Wow!

Tripod,
6Recommedations are the same id..LOL

Buyers were confident, I’ll be adding again from today.
Seems to me someone pxxxed off the judge off yesterday, something was said and it has gone against the defendants, And in favour of FG.
Professora Gardin by nature is calm and collective.

They’ll need to buy back in and fast before market opens

...think ball squueeze ;)

Would love to be a fly on the wall in an italian court case...LOL
A £1m increase??

Vaffanculo!!...

followed by Porca vacca! !!

Lol..

Brewing a like good wine wadagora....hehe

Rns is very good. Apt and concise.
Delay means little for FG, else “he would not ask anything further” to be taken into account.
Q2 means still q2. By which time we are mining.
Fully funded in 2022. Plus many other options and possibilities.

Unexpected good news is an additional €£1m
So we could looking at an 15-20% increase in payout is possible, maybe more, if behaviour was seen as seriously illicit.
Overall very favourable. Investors will be very happy. (As long as he can find the document request by Judge by date)
Could be looking at €9m, not too shabby.

=Better than expected hearing.......:

Pocket money for Black Friday deals..lol

Thanks Pablo for sharing.
No award until March-April Hitou.
£5m is now midget compared to the “meat on the bones”

Read the “process on the hearing” from previous rns, they have been posted here few times in past 3 weeks, poster tripod and other posters.

For sure, The hearing is milestone for CEO -FG as it has taken 1-2yrs to get here.
A BIG TICK. Anyway lets see. GL

A Friday rns again???

All buyers...blue as the sky

giantsquid
Posts: 1,261
Price: 3.65
No Opinion
RE: Re ASIC Ultra Boost.....Today 10:45
Worth saying also, intellectual property is protected from the moment you file a patent, ie, you don't have to wait until it's granted to benefit from protection against IP infringement. Upon filing, the status of your patent application is known as "patent pending" and your product is protected. Once patent pending expires, assuming a full patent hasn't been granted yet, you either have to renew the application, or you lose patent pending status along with the protection that goes with it.

End of.

The more leeches I see popping up on here, certifies potential of QBT in the days, weeks, months to come.
Arabian wants my shares dirt-cheap. Bxxxxcks to that!

Good news is, these next few weeks always fly past.
In between juicy news on 3-4 fronts.
Best months are still to come...November, December and January, anything is possible in the sector
This is the most exciting sector at this moment on the planet.

Hold your golden ticket.

Top post Magnum.

The race is on....

Back to serious business: BTC MINING TESTING: Q4-21
RNS - stated 5weeks= Q4-21
Commences on Dec 13th 2021

This is a tremendous milestone to where QBT were just 6months ago. Rapid and aggressive RnD strategy has prioritised optimisation of sh256 BTC Algo for greener, faster and more efficient mining.

We all knew, BTC Mining was always high on the agenda of CEO, as IT infrastructure was being deployed and now ready for Dec-21, we are now gearing up to BTC testing sooner than many had anticipated. This should be a wake up call for many,. QBT means business and first streams of revenue from BTC mining is high on the agenda for Q2-22. Asmall investment of $300k for hardware would gear us with further machines.

Looking forward, QBT is termed a NewGeneration Miner / Blockchain Validator as well as future Suppler of “enhanced UltraBoost” ASIC chips for large Industrial BTC miners. TBD.

In both cases, to quote FG:
For large mining facilities this optimisation corresponds to significant mining revenues, or saved energy bills, all leading to increased profit. We are very optimistic on the future results of our R&D efforts, as this first patent application has shown. Many more patents to follow. Additionally each patent is an asset.

As if BTC asset was not enough.

Stew,
Is the alternative prediction and an assured signal that we are heading up to 4p and away...
Whenever i see a multiple of greens ir means, we are heading up and heading to no1 on LSE chat Board.

Can’t thank enough.

la traiettoria è in salita!