Quantum Blockchain Technologies Secures £350,000 for Bitcoin Mining Tech Advancement

Quantum Blockchain Technologies (QBT) has successfully raised £350,000 through a placing of 140 million new shares at 0.25 pence each.

The funds will support further development of its proprietary Bitcoin mining technologies, including the Method C AI Oracle and integration with mining hardware and software.

Additionally, QBT will use the proceeds to prepare its ASIC Ultra Boost technology for market once its U.S. patent is formally granted, including detailed data collection needed for negotiations with ASIC manufacturers.

The company's issued share capital will rise to over 1.7 billion shares following the admission of new shares to AIM.