Rise explained:25 Oct 2021 13:30
On last Thursday:
Quantum Blockchain [LON:QBT] is sitting at the top of the board at midday, up some 21%. The crypto space is enjoying another swathe of broad support right now with bitcoin repeatedly testing fresh all-time highs off the back of that US ETF launch. That puts the coin one step closer to legitimacy and with UK investors unable to buy the underlying asset via a regulated entity, these support stocks are seen as an easy way to get exposure to the asset.
9Do your reearch Yonder, and you will find your answers, else sell and I will buy your shares or ole Jack will...)
AIM-listed Quantum Blockchain Technologies [LON: QBT], an investor in blockchain-related technologies such as quantum computing, blockchain, cryptocurrencies and AI, has announced the appointment of a UK-based international cryptography expert whose specialism is cryptocurrency mining blockchain optimisations.
The identity of the ‘expert’ is not known, as according to Quantum they have requested anonymity, but as part of the one-year service agreement, the consultant has been awarded share options of over 10 million new ordinary shares of 0.25 pence each in the company, at an exercise price of 5p each, which can be exercised between 15 February 2022 and 15 August 2022.
The consultant will push Quantum’s R&D effort, with a focus on developing advanced proprietary techniques for Bitcoin mining. CEO Francesco Gardin believes there are ‘tangible and disruptive optimisations’ that could result in faster processing and energy saving, and he intends to apply for patents over any intellectual property generated from the process.