Quantum Blockchain Technologies (LSE:QBT) said Friday that it has entered non-disclosure agreements with three ASIC manufacturers, marking a key step in its strategy to bring its Bitcoin mining software products to market.
Under the agreements, each manufacturer will provide QBT’s Milan-based testing team with access to their mining rigs as well as their source code. This will enable the company to install the software version of its Method C AI Oracle—first introduced on November 12—directly onto third-party hardware.
QBT previously began joint analysis of the hardware variant of Method C AI Oracle with one of these ASIC partners, a collaboration first disclosed on April 8. However, because integrating the hardware version into ASIC chip architecture could take as long as 18 months, both sides agreed to prioritize the software implementation to accelerate potential commercialization.
The company also signed a separate NDA with a Bitcoin mining pool, with the goal of helping the pool’s nodes produce “better quality hash rates” and mine more Bitcoin. This method may allow QBT to avoid installing modified operating systems across every rig connected to that pool.
On the intellectual property front, QBT said it is working with patent counsel to address examiner questions in Europe and the U.S., describing the process as routine for active applications. The firm is also collaborating with a startup that builds solutions based on Blockscale Intel ASICs to evaluate its Methods A, B, and C across multiple SHA-256 architectures.
CEO and Executive Chairman Francesco Gardin said: “The Company is now engaged with the ASIC manufacturers it has been targeting over the past year. The Board believe QBT’s technology proposition is unique within the Bitcoin industry, which is the main reason why there is such a high level of interest from mining companies assessing our technology.”
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