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Quantum Block (QBT) Share News

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IN BRIEF: Quantum Blockchain stock falls after GBP2 million placing

23rd Jan 2025 14:30

Quantum Blockchain Technologies PLC - London-based, blockchain sector-focused investor - Raises GBP2.0 million before expenses through the placing of 173.9 million new shares at 1.15 pence each. Stock was trading at 1.59p per share at the close on Wednesday. Quantum Blockchain will use the proceeds to fund its cryptocurrency research & development programmes, recruit more staff to R&D, repay legal costs associated with its legacy assets and support its existing investment portfolio. Read More

LONDON MARKET MIDDAY: Markets remain "in the dark" on Trump tariffs

23rd Jan 2025 11:59

(Alliance News) - Stock prices in London were mostly lower at midday on Thursday, while across the Channel next week's European Central Bank rate call draws nearer. Read More

IN BRIEF: Quantum Blockchain shares skyrocket on AI "breakthrough"

17th Jan 2025 11:27

Quantum Blockchain Technologies PLC - blockchain sector-focused investor - Announces a "breakthrough achievement" for Method C AI Oracle, its predictive Bitcoin artificial intelligence model mining tool. The tool is now performing live Bitcoin mining of current blockchain blocks, Quantum says, in a "significant milestone" which gives the company a "material competitive advantage". Chief Executive Officer & Executive Chair Francesco Gardin comments: "Following almost three years of research & development efforts, the AI team working on Method C has delivered its first irrefutable result, with a new version of Method C AI Oracle, which can now be used to mine the current blockchain blocks in real-time with an approximate 30% improved performance...We believe this has the potential to be a major breakthrough for the entire Bitcoin mining industry, as QBT has developed an AI Oracle which can either reduce the energy cost of mining or increase the speed of mining at current energy costs, by approximately 30%, which it can prove through live demonstrations." Read More

AIM WINNERS & LOSERS: M&C Saatchi says revenue to rise

17th Jan 2025 09:57

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More

Quantum Blockchain files UK patent application for AI Oracle

15th Jan 2025 14:46

(Alliance News) - Quantum Blockchain Technologies PLC on Wednesday confirmed a filing of a patent application covering its efficiency focused tool designed to optimise bitcoin mining hardware. Read More

IN BRIEF: Quantum Blockchain loss narrows as remains upbeat

23rd Sep 2024 14:16

Quantum Blockchain Technologies PLC - investment company focused on technology sector, particularly blockchain, cryptocurrency and artificial intelligence - Pretax loss narrows to EUR1.3 million in the first half of 2024 from EUR1.5 million a year ago. Quantum Blockchain says it continues to focus on its research & development programme and investing in the technology sector. Looking ahead, Chair & Chief Executive Officer Francesco Gardin says: "The board remains positive as the technology investments are deemed sound and promising in fast growth markets, while the legal claims have strong merit against defendants who are expected to remain solvent, thereby enhancing the prospect of collection of the judgment debts." Read More

UK shareholder meetings calendar - next 7 days

24th Jul 2024 14:45

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IN BRIEF: Quantum Blockchain notes investee Forcrowd's EU licence

12th Jul 2024 07:24

Quantum Blockchain Technologies PLC - investment company focused on technology sector, particularly blockchain, cryptocurrency and artificial intelligence - Notes that its investee Forcrowd Srl, in which it holds a 41% stake, secures registration with the European Securities & Markets Authority as an authorised provider of crowdfunding services. Forcrowd obtains authorisation to extend its crowdfunding licence across all EU jurisdictions, Quantum explains. Forcrowd is a Milan-based equity-crowdfunding platform. Read More

IN BRIEF: Quantum Blockchain set to collect Sipiem damages award

19th Jun 2024 11:49

Quantum Blockchain Technologies PLC - investment company focused on technology sector, particularly blockchain, cryptocurrency and artificial intelligence - Notes that on Monday last week, the Court of Appeal in Venice rules in favour of Quantum subsidiary Clear Leisure 2017 Ltd in its claim against the former directors and statutory auditors of Sipiem in Liquidazione Srl. The Sipiem defendants had appealed an award of damages to Clear Leisure, but the appeals court upheld all but EUR105,412 in damages, leaving the total damages award about EUR6.1 million. As a result of the decision, a previous settlement with some of the defendants for EUR700,000 has been deemed void. The way is now clear for Clear Leisure to seek to enforce the judgement for the full EUR6.2 million, including awards for legal expenses. Read More

IN BRIEF: Quantum Blockchain reports partial settlement with Sipiem

17th May 2024 22:05

Quantum Blockchain Technologies PLC - investment company focused on technology sector, particularly blockchain, cryptocurrency and artificial intelligence - Notes that the first preliminary settlement has been agreed by its subsidiary Clear Leisure 2017 Ltd and some of Sipiem Liquidazione Srl case defendants. The settlement is for EUR700,000 to be paid in two instalments. Further, an agreement has been reached with Sipiem's receiver to buy its right to receive 30% of any sums collected, which was a provision of the initial claim purchase agreement back in 2019. Read More

Quantum Blockchain eyes completion of new machine learning method

13th Mar 2024 14:03

(Alliance News) - Quantum Blockchain Technologies PLC on Wednesday said that laboratory testing of a new machine learning method involving AI applied to a computational optimisation is nearing completion. Read More

Quantum Blockchain shares plummet on discounted GBP2 million placing

30th Oct 2023 11:20

(Alliance News) - Quantum Blockchain PLC on Monday said it has raised GBP2.0 million through a share placing, and intends for the proceeds to further enrich its research and development programme. Read More

EARNINGS: Shepherd Neame says "turmoil" easing; Everyman upbeat

27th Sep 2023 12:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News: Read More

Quantum Blockchain files patent for "innovative" mining procedure

24th Jul 2023 13:37

(Alliance News) - Quantum Blockchain Technologies PLC on Monday said it has developed a new computational approach to bitcoin mining, and has applied to patent the procedure in the UK. Read More

Quantum Blockchain Technologies keeps 2022 finances steady

30th Jun 2023 11:54

(Alliance News) - Quantum Blockchain Technologies PLC stock was down on Friday as the company reported a slightly narrowed loss and boost in net assets, and committed to focusing on its "promising" research & development programme. Read More

AIM WINNERS & LOSERS: Westminster Group surges as revenue jumps

1st Jun 2023 10:52

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Quantum Blockchain Technologies raises GBP1 million

1st Jun 2023 10:23

Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Raises GBP1.0 million via placing 71.4 million shares at 1.4 pence per placing share, a 27% discount to Wednesday's closing price of 1.93p. Company will use proceeds for research and development programmes, especially further development of its proprietary bitcoin mining machine learning algorithms and software product release, as well as its North America business development activities. Chief Executive Officer & Executive Chair Francesco Gardin says: "We are pleased to have performed this placing, which secures the funds to continue implementing the development of the company's cutting edge proprietary technologies." Read More

Quantum Blockchain completes testing phase of bitcoin mining algorithm

10th May 2023 12:25

(Alliance News) - Quantum Blockchain Technologies PLC on Wednesday said it has completed a key testing phase of its bitcoin mining search algorithm, showing positive results. Read More

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

17th Mar 2023 20:53

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News: Read More

IN BRIEF: Quantum Blockchain applies SHA-256 to other cryptocurrencies

20th Jan 2023 21:12

Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Decides to apply its SHA-256-based optimisations to other cryptocurrencies within the bitcoin family. Believes it makes commercial sense to offer the same potential increase in efficiencies through its SHA-256-based optimisations to miners of other bitcoin currencies like Bitcoin Cash and Bitcoin SV. Notes that its main focus will still remain on developing bitcoin mining products. Read More

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