Member Info for Inforapennyortwo

You can see it as an opportunity also 123Gold, it sort of takes some of the risk away trading.

KK, I don’t recall saying I have evidence, there is very little out there for 3rd party verification.

What I do see though is that 3 US ASIC manufacturers have signed NDA’s to try out QBT method C software.

There can’t be many ASIC manufacturers in the USA?

They are now being processed in order due to QBT size. They have seen demonstrations that nobody else has, that seems to have been compelling enough for 1st manufacturer to hand over, 2 x rigs, 1x MDk, Full Source Code, industry secrets on where to place on ASIC, more than helpful I’m sure was mentioned in an interview.

Now the Kryptonite, information gained from the latest update.

“Key Technical Progress

The Company has now achieved three important milestones which establishes a fully operational testing environment:

• Modification of the mining rig operating system, including changes to the micro-controller code, enabling the generation of structured mining data streams to feed the AI learning engine;

• Completion of the AI Oracle integration within the server-side operating system, allowing mining jobs to be intercepted, analysed and optimised before execution; and

• Successful assembly and activation of the ASIC manufacturer ’ s MDK, enabling live testing and real-time data collection in QBT ’ s laboratory.

Together, these developments allow QBT to operate a complete end-to-end test architecture in which the AI Oracle evaluates mining jobs and selectively executes only the most promising hashes, with the goal of improving mining efficiency.

Testing Progress and Timeline

Data collection is now underway and represents a critical step towards training the AI models. As data volumes increase, QBT expects to:

• initiate neural network training;

• generate ASIC-specific AI models;

• conduct extended validation testing; and

• deliver preliminary performance results, followed by a live demonstration.

The MDK-based approach has accelerated the early stages of testing compared to the original plan; however, further time and data is required for model training and validation to ensure robust and reliable preliminary results.”

It’s taking longer, that’s frustrating, it’s not failure though.

Phimx, you said I should look back over posts for the last few months, now why would I do that? all I would see is yours and Steve’s agenda ridden dross, such as where you tried to make up and mislead with fake photos of a mining rig and claiming it was only a cardboard box, or Steve being called out for misleading about patent law.

What I did do, was check the RNS stream on progress for the last couple of months, actual solid information, a straight copy stops any false interpretation, but that seems to have upset you!

It would seem solid truthful information is your Kryptonite, hence your reaction, I will make sure I reference that more often, solid progressive news, after all, it’s what we are here for, correct?

Droverman, everyday is a school day, fascinating, I never knew that. Amazing what you pick up.

Wow London_, that certainly is some holding he has in that case, do you think he will round it up and cross it?

That’s some serious confidence right there!

6th May Update, technical milestones being achieved.

I know Achievement is a dirty word for some on here, but its moving forwards, that’s what counts.

Key Technical Progress

The Company has now achieved three important milestones which establishes a fully operational testing environment:

• Modification of the mining rig operating system, including changes to the micro-controller code, enabling the generation of structured mining data streams to feed the AI learning engine;

• Completion of the AI Oracle integration within the server-side operating system, allowing mining jobs to be intercepted, analysed and optimised before execution; and

• Successful assembly and activation of the ASIC manufacturer ’ s MDK, enabling live testing and real-time data collection in QBT ’ s laboratory.

Together, these developments allow QBT to operate a complete end-to-end test architecture in which the AI Oracle evaluates mining jobs and selectively executes only the most promising hashes, with the goal of improving mining efficiency.

Testing Progress and Timeline

Data collection is now underway and represents a critical step towards training the AI models. As data volumes increase, QBT expects to:

• initiate neural network training;

• generate ASIC-specific AI models;

• conduct extended validation testing; and

• deliver preliminary performance results, followed by a live demonstration.

The MDK-based approach has accelerated the early stages of testing compared to the original plan; however, further time and data is required for model training and validation to ensure robust and reliable preliminary results.

Industry Engagement

The Company also confirms that QBT representatives met with the ASIC manufacturer at the recent Bitcoin 2026 conference, where progress was presented and the next phases of development were agreed. Further positive discussions were held with other key industry representatives, proving a growing interest in the AI Oracle among ASIC manufacturers.

Next Steps

QBT ’ s immediate focus is on expanding data collection, refining the AI model and progressing towards preliminary results. In parallel, the Company continues to work on porting the AI Oracle directly onto a mining rig control board, which remains a key commercial objective.

Francesco Gardin, CEO and Executive Chairman of QBT, commented, “ We are making solid progress in establishing a fully operational testing environment for Method C and are now generating the data required to train and refine our AI models. The combination of system-level changes, successful integration of the AI Oracle and activation of the MDK allows us to accelerate testing and move closer to demonstrating real-world performance.

They are not keen when the SP stats climbing, wonder why.

Napthman1, The market is certainly liking the news thus far.

Long may it continue

This is from December before the MDK had been delivered, as that’s in a later RNS. It says “instal software”,

“The process has reached the stage where these three companies will now be needing to make their mining rigs available to QBT's testing team at its laboratory in Milan, with access to their relevant source code. This will allow QBT to install the software version of Method C AI Oracle, the launch of which was announced on 12 November 2025, onto the third-party mining rigs. This will be the first step to allow each miner to assess the performance of the higher quality hashing rate provided by Method C.”

Steve, that’s not the case though is it, from what I have read or listened to, each ASIC type, requires a different version of Method C applied to it.

An ASIC manufacturer is going to want to see their tailored version working and to what efficiency, that will determine the value of Method C in negotiations.

You also admit that there is a big difference between failure to deliver on time, which is completely different to failure of a product.

Koolkat, as per my post earlier, items taking longer to achieve is not failure. Getting an ASIC manufacturer to pass over MDK/mining rigs, source code, technical information shows QBT have demonstrated that they have a product.

Tell me, how many companies share this level of intellectual property, intellectual property that can cost around $200million to produce a new ASIC, they are sharing this with QBT, this alone speaks volumes and is a 3rd party verification to date.

Test results will be the proof and start of major rerate.

That’s late on arrival bout is due.

I agree, SP up, Market drops to fill orders then a new base is built to move up from.

Watch for those accounts that appear once they have traded with impending doom, seems to be the way of the chat boards.

QBT seems to be slow on its timelines, to say nothing has happened would be incorrect.

Looking back over last years news, QBT seem to have been later in announcing signing NDA’s, Seems to have taken longer to get ASIC manufacturer to send MDk and Rig, taken longer to get full source code, taken longer to install on MDK/rig, taken longer for results,(due).

Just because it’s taken longer doesn’t prove failure, it’s just slower than many would have liked, that’s being framed as failure, thats not the case as far as I can see.

New tech is going to have a few hurdles, that’s not failure, as long as results show it works, then the rerate can start.

Fully Funded for PFS, absolutely brilliant, takes the pressure off on that side of things.

Nice round up Tungstenman, puts it all into perspective.

Nice find Element1, every little helps, attracting the right attention.

Greatland Managing Director, Shaun Day, commented:

"The execution of the corporate debt facility and Havieron Final Investment Decision provides the opportunity to deliver one of Australia's premier gold-copper projects.

The development of Havieron, alongside the successful delivery of Telfer life extensions, has the potential to underpin a multi-decade, world class gold-copper mining hub in the Paterson Province."

Fantastic news, that’s how you do a Monday morning.

Great result.

All this needs is for the CEO to announce they have submitted results to the ASIC manufacturer and is in line with expectations, that will prove it works, it’s all it needs to keep investor confidence up.

Just because an Update hadn’t been released yet, it doesn’t mean it won’t be in the next couple of days.

“I was also pleased to meet with the ASIC manufacturer at Bitcoin 2026, where we presented our progress and aligned ourselves on the next stages of development. We look forward to reporting preliminary results to this company within the next couple of weeks.”

I agree with those calling for the board to speak load and clear.

Waiting for an update, I agree, an update on initial testing has been presented would be welcome, I understand that results won’t be able to be published, but an “it’s inline with expectations”, would be helpful, as those expansions will be what the ASIC manufacturer has agreed to give QBT Miners, MDK, full Source Code, knowledge of their systems, imho.

Where is the testing at, don’t know, a coupe of weeks were mentioned, vague, leaves a window, should be around now, has it thrown up a few challenges getting it onto the ASIC, guess it could have.

Does this mean it’s a failure, certainly not, that’s a perception the terrible 2 want painted. Who says an update isn’t coming tomorrow or the next day, you just don’t know.

These boards, they are agenda driven from what I have witnessed, my guess is someone who desperately wants you to sell will be buying and someone who desperately wants you to buy will be selling. Only one of those scenarios is in play imho.

Phimx, tell me this..

Why has a large ASIC manufacturer (large as it takes around $200m from start to finish), given away their

1. Source Code

2. MDK test rig

3. Miners x 2

4. Instruction and know how

To QBT, unless QBT have proven to them, that they have a product?

The only experts that matter are the ones at QBT and the ASIC Manufacturer, not someone using AI and Google for reference.