Member Info for Yanis2005

Not trying to pump this — the share price will ultimately depend on the outcome of the rig test. But for context, QBT has previously reached 4.49p (Mar 2021), 4.25p (Oct 2021), 3.65p (Oct 2023) and 2.45p (Jan 2025), all on speculation alone.

If the upcoming test is successful, the market could easily reprice the stock higher than those levels.

If the test fails, the share price will naturally fall.

Just keeping expectations balanced.

Added another 200k below 0.45. PEEL switched from selling to buying, so the SP should drift up now, and this is my opinion, not a solicitation to buy.

I agree. From this SP level the setup is clearly asymmetric — limited downside, but meaningful upside if the rig delivers a solid uplift, even in the 5–10% range. Anything around 20% would be a major step-change. A steady rise into results is normal for this kind of catalyst, and the real move depends entirely on what the test shows. We already know the simulations produced good uplift, so now it’s about seeing how much of that carries over to hardware.

Phimx, thanks for the comment. The point in my post wasn’t that QBT “discovered” block‑header stability for the first time — that’s been known in academic literature for years, including Naik’s 2013 thesis.

What Gardin highlighted in the interview was that QBT’s team have identified which specific stable fields can be used effectively by their AI model to reduce the data footprint during live mining, and that this refinement has allowed Method C to operate more efficiently during ASIC integration.

So the novelty isn’t the existence of stable fields — it’s how QBT are using them within their own optimisation framework. That’s the distinction.

Key points of the interview:

1. Mining Rig Milestone

QBT has received its first physical Bitcoin mining rig, which is currently being tested in Oregon to ensure it meets all specifications before shipment to the company’s Milan lab.

Gardin stated the rig is expected to be shipped “today or tomorrow,” marking the first time QBT will have hardware on‑site for hands‑on integration.

2. Method C AI Oracle Integration

Once the rig arrives in Milan, the team will begin integrating Method C, QBT’s AI‑based mining optimisation system, directly with ASIC hardware.

Gardin explained that Method C can work with different ASIC architectures, though the training data varies by chip type.

3. Technical Breakthrough

QBT’s R&D team has refined Method C by identifying stable block‑header information that remains constant during mining.

This allows the AI to make predictions using far less data than previously required — described by Gardin as “an outstanding piece of work” by the team.

4. Team & Timeline

Seven R&D members are fully dedicated to the integration phase.

Early testing and manufacturing of the ASIC‑based system is estimated at 4–6 weeks, depending on complexity.

Troajan, thanks for the link. Really bullish interview and not long to wait now. I added another 240,000 at 0.4198 this morning, thanks to PEEL 😊

Nowhere in the RNS does it say QBT hired seven experts. The wording is allocated, which simply means they assigned people from within their existing research team. These are specialists already working on QBT’s algorithms — you can’t just ‘hire’ this expertise off the shelf.

The post is misleading because it assumes seven new contractor hires and then jumps to inflated cost estimates. Nothing in the RNS supports that interpretation, and nothing suggests additional cash is needed for this testing phase.

Also worth noting: QBT has never raised money at these levels — every raise has been above 1p.

Personally, I see today’s RNS as very bullish. A successful live test would be transformational for the company. I added today at 0.47, 0.49 and again at 0.43 near the close, taking advantage of the current price range.

Thanks Mike. Homework done. I was wondering how we ended up with the Ask at 0.43 after such a high volume day. Now I know. 👍

Strange that the RNS today was excellent, but the SP ends up lower than where it started from after heavy volume.

The volume now at 3:18PM is 58.50 million and this volume is greater than 14xDaily Average of 4.08 million.

The Ask now is at 0.43, first time we saw an Ask below 0.45 in years.

The only market maker doing the selling today was (and still is) PEEL. Does anybody have an explanation for this?

Anybody knows why? Have I missed some news?

Workshy, good response, but what Jim said should have been in an RNS in my opinion.

The fact that Peter O’Toole is based in Bolivia and has always been there leading the discussions is a very important point in boosting shareholder confidence but is news to me. Anybody knew this? I always thought that David Horgan was the driver of the negotiations..

By the way, well done in getting a response. I am still waiting for a reply.

I do believe that if what Jim said to you was in an RNS the SP would have shot up as all the shareholders would have been informed and sentiment would have improved. I don’t understand these directors, they don’t seem to know what drives the market.

I am going but give them until next week and if nothing happens I will escalate this to their Nomad and AIM Regulation. Enough is enbough.

Leggylad, I used the main Clontarf email in my first enquiry email, which is info@clontarfenergy.com (is on the Clontarf website)

Jim Finn then replied using his own email: Jim@162group.com

Now I send my emails to Jim@162group.com with a copy to info@clontarfenergy.com

My follow up email sent yesterday:

Dear Jim,

I am writing to follow up on my email of 2 December regarding board succession and company updates. As a shareholder with a 1.71% holding, I remain concerned that no Regulatory News Service (RNS) announcement has yet been issued to clarify interim leadership responsibilities following the passing of David Horgan.

Under AIM Rule 17, companies are required to promptly notify the market of any changes to directors or material governance arrangements. The absence of such disclosure risks being interpreted as non‑compliance and undermines market confidence. Shareholders reasonably expect an RNS confirming who is currently responsible for executive functions, even on an interim basis.

In addition, I would appreciate clarity on what steps the board is taking to identify and appoint a successor to Mr Horgan. Confirmation of both the interim leadership structure and the process for securing a permanent replacement would reassure the market that governance continuity is being actively managed.

Finally, clarity on Bolivia negotiations and technical milestones remains strategically important. Without timely updates, investors are left uncertain about progress at a critical juncture.

I therefore respectfully request that the company issue an RNS update within the coming week to address succession arrangements and Bolivia developments. This would reassure shareholders and demonstrate adherence to AIM regulatory obligations.

Yours sincerely,

Last Tuesday I followed up Jim Finn’s reply with the below email. No response yet. I will be following it up again tomorrow.

Dear Jim,

Thank you for your reply to my earlier inquiry. As a shareholder with a 1.71% holding in Clontarf Energy, I would like to respectfully raise a few points for clarification.

• Board Succession & AIM Rule 17: While I note that you and Peter O’Toole are currently managing operations, AIM Rule 17 requires prompt notification of changes to directors and material governance arrangements. In the absence of a formal successor to David Horgan, shareholders would reasonably expect an RNS confirming interim leadership responsibilities. The lack of such an update places unnecessary pressure on the share price and market confidence.

• Bolivia Update: In addition, shareholders have been anticipating progress reports on Bolivia, particularly regarding negotiations and technical milestones. Given the strategic importance of these developments, could you please advise whether any update is forthcoming?

I appreciate your time and look forward to your clarification on these matters.

Kind regards,

I received an identical response too:

“We have not replaced David yet. In the meantime, Peter O Toole and I are handling the operations of the company until such time as we find a suitable candidate.

We have no plans for an announcement.”

This not good enough though. I replied (last Tuesday) with a couple of points requesting clarifications, but no response yet. I will follow up with another email next week. An update is essential, they cannot simply sit on this and do nothing.

I suppose that they will need to find a new CEO first, or at least an interim one, before they announce an update. I hope the new CEO has Bolivian connections.🤞

Last Saturday. Thanks Thingmay.

I suppose they will have the funeral before announcing anything business related. Has anybody got any news on the funeral?

David Horgan died at age 66. May he rest in peace. 🙏