Quantum Blockchain Technologies (LSE:QBT) reported progress in the testing and development of its Bitcoin mining technologies during the six months ended 30 June 2026, alongside developments in its intellectual property portfolio and financing position.
The company progressed Method C, its artificial intelligence-based Oracle technology, using datasets provided by an ASIC industry partner.
Quantum Blockchain said early testing indicated improved performance compared with conventional Bitcoin mining methods. Further testing is being carried out using manufacturer-supported data as the company moves its technology from laboratory validation towards live testing.
QBT Develops New Method B Variant
During the period, Quantum Blockchain introduced a new version of its Method B technology based on chaos mathematics.
The company also resumed research into the potential application of quantum computing to SHA-256, the cryptographic algorithm used in Bitcoin mining.
The research forms part of QBT’s programme to develop AI- and mathematics-based techniques intended to improve Bitcoin mining efficiency. The technologies remain under development and testing.
ASIC UltraBoost Receives US Notice of Allowance
Quantum Blockchain also progressed its intellectual property activities during the first half.
The company received a Notice of Allowance in the United States for its ASIC UltraBoost technology and continued work to obtain broader patent protection in Europe.
QBT is seeking to use its intellectual property portfolio as part of potential licensing arrangements with semiconductor and Bitcoin mining industry participants.
BlocKeeper Established for Virtual Mining Operations
The company established BlocKeeper Plc, a subsidiary intended to conduct virtual Bitcoin mining activities.
BlocKeeper’s strategy involves obtaining access to hash rate through contractual arrangements rather than relying solely on directly owned mining infrastructure.
Quantum Blockchain also completed equity placings and extended the maturity of bonds during the period as part of its financing activities.
The company continued efforts to monetise legacy legal claims in Italy.
Interim Comprehensive Loss Narrows to €1.1 Million
Quantum Blockchain reported a comprehensive loss of €1.1 million for the six-month period.
The company also moved to a net current asset position during the first half following its financing and balance-sheet activities.
QBT continues to focus on testing its Bitcoin mining technologies, developing its patent portfolio and evaluating potential commercial and licensing applications.
About Quantum Blockchain Technologies
Quantum Blockchain Technologies is a London-listed research, development and investment company focused on blockchain technologies, particularly Bitcoin mining.
Its research programme covers artificial intelligence, mathematical techniques and quantum computing applications relating to SHA-256 mining, with the company seeking potential licensing and other commercial arrangements for technologies developed through the programme.
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