RE: GuysToday 11:53
The commercial language used in the final results is materially heavier and focused on Method C. Clearly more commercial in tone when comparing to the 2024 accounts , and the shift is driven by method C.
"The Board believes that the software version of Method C materially changed the nature of the Company’s discussions with ASIC manufacturers and mining hardware operators during the year"
"Looking ahead, the Board believes that QBT has entered an important new phase, moving from laboratory development towards live testing, software porting, hardware integration and commercial engagement with industry participants. In particular, the Board believes that the software-only implementation of Method C could represent a transformative opportunity for the Company by enabling faster and broader adoption of QBT’s technology across existing Bitcoin mining infrastructure."
"While further technical validation and commercial execution remain required, the Directors believe that QBT is significantly closer to demonstrating the practical and commercial applicability of its technologies in real-world Bitcoin mining operations."
"Furthermore, the Company expects to be able to start its commercial activity in the coming months, although prudentially, no significant revenues have been included in the short-term financial projections. This is an ongoing process, and the directors are confident with their cash flow models."
Doesnt take rocket science to see whats being implied here Hex ? worse case scenario we have live testing in July, but as per the last RNs / interview they were aiming to start live testing weeks ago with fine tuning by end of june.