QBT Secures £350k to Boost Bitcoin Mining Tech

Quantum Blockchain Technologies PLC (GB:QBT) has secured £350,000 in funding through a share placement to advance its Bitcoin mining technologies. The funds will be used for further development of its Method C AI Oracle and integration with mining hardware and software.

The company will also allocate the proceeds to prepare its ASIC Ultra Boost technology for market once its U.S. patent is formally granted. This includes detailed data collection needed for negotiations with ASIC manufacturers.

With this new funding, QBT's issued share capital will rise to over 1.7 billion shares, affecting the updated total voting rights for shareholders under UK disclosure rules.