Business Update

Summary by AI BETAClose X

Quantum Blockchain Technologies Plc has announced significant progress in its Bitcoin mining research and development program, with all three methods now performing live Bitcoin mining via mining pools. Method A is actively mining on a Bitmain Antminer S9 and has been configured for S19 and S21 rigs, engaging three manufacturers for aftermarket control boards and firmware. Method B, utilizing chaos mathematics, is live mining on Bitaxe Gamma miners, and Method C, the AI Oracle, is operating on an ASIC manufacturer's Mining Development Kit under a non-disclosure agreement. The company has also developed a generalized software layer enabling its methods to implement control strategies on mining rigs, with Method A and B soon to run on the ASIC manufacturer's rig for data collection, a crucial step towards commercialization.

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