Quantum Blockchain Technologies plc (AIM: QBT) has provided an update following management’s attendance at the Nashville Energy & Mining Summit, where the team held meetings with leading ASIC manufacturers and industry participants.
During the event, discussions focused on hardware and software delivery timelines, with the company confirming it has already received partial access to source code, a key step in progressing its technology. QBT said it is increasingly being recognised within the sector as a leader in applying artificial intelligence to optimise SHA-256 hashing, the core algorithm used in Bitcoin mining.
As part of its next phase, the company is allocating additional resources to fully master the 256 Foundation’s open-source Bitcoin mining stack. This strategic move is intended to allow QBT to rapidly deploy its proprietary Methods onto new mining rigs later this year, without being tied to any single ASIC manufacturer.
Management highlighted that this approach creates a manufacturer-agnostic platform, potentially accelerating adoption of QBT’s technology across multiple hardware providers and strengthening its position within the global Bitcoin mining ecosystem.
Francesco Gardin, CEO and Executive Chairman of QBT, commented , “We are now entering our fourth year of attending US Bitcoin mining events. Bitcoin Park, which we have attended since 2024, provides QBT with the necessary visibility in the sector to all the most important players which represent QBT’s potential future partners and clients.
“The central role played by the US Bitcoin community in the development of this growing crypto ecosystem is unique, hence our constant presence at US-based events like this one.
“QBT’s adoption of the 265 Foundation Bitcoin mining stack as one of the reference development environments for its three Methods adds an additional target platform totally independent from specific manufacturers. While we will continue to work with those ASIC designers and Bitcoin miners in order to develop a collaborative partnership for our Methods, we welcome the 256 Foundation’s open-source attitude as fundamental towards the development of much needed standards for Bitcoin mining-rig development.”
