"The Company believes it is in an excellent position to capture potential market opportunities in the bitcoin market in the near term, mostly due to the development of Methods A and B. In the longer term QBT aims to be able to build its own more efficient mining chip (embedding all the improvements developed so far) whilst waiting to exploit its potentially revolutionary Quantum Mining Algorithm. The Company will continue to pursue its legal claims in respect of legacy assets and the monetisation of its existing investments."
"....until something commercially concrete is announced.".....If you wait until then, then you may miss a multi-bagger.....Notice the 'may'.
Surely the art is to get in before the market is generally aware by following the news and development of neglected shares with great potential and announced progress and wait.....
+20% +10% - 17% +30% -25% may still be ahead but is not very rewarding at all, or exciting......
They have to have a fully ported, tested, packaged offering before the type and structure of the commercial arrangements are discussed (probably already have been in principle at least) because there are so many ways a deal can be structured and exclusivity/not considered and then they need to negotiate the final commercial agreement.
I heard it that the complexity of how to do the porting to 'the right points' on the chip has been solved and Method B altered to be compatible to thuis linkage.....the porting just needs to be completed....It's obviously a complicated process which probably needs a lot of testing etc.
It sounds like a ChatGPT precis of the RNS......!
But explains what they meant to say.........Link already posted by a few......
https://x.com/VOXmarkets/status/1704482953663758608?s=20
There are thousands of miners trying to win thousands of blocks in a complicated manner using lots of machines and algorithms and validating transactions......you can liken it to whatever you want for you to understand in simple terms, but I'm not interested in that sort of 'simplifying' debate.....
Gibson.....Because there are enough Bitcoin to go round and it comes in blocks and others will always have the opportunity to win some blocks even if they don't have the enhancements and it is a probability improvement not an always win enhancement.