Correction - Placing of £350,000

Summary by AI BETAClose X

Quantum Blockchain Technologies Plc has successfully raised £350,000 through a placing of 140,000,000 new ordinary shares at 0.25 pence each, with net proceeds designated for continued research and development of its Bitcoin mining technologies, including its Method C AI Oracle, and preparing its ASIC Ultra Boost patent for market readiness. The funds will also support integration work, commercial development, and general working capital. Admission of the new shares to AIM is expected around September 8, 2026, at which point the company's total issued share capital will be 1,748,083,941 ordinary shares.

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