Quantum Blockchain Technologies (LSE:QBT) has revealed a new mathematical enhancement to its Method B Bitcoin mining technology, introducing an approach that aims to increase the generation of winning hashes without requiring a machine learning phase inside ASIC mining hardware. The technique applies principles of chaos mathematics to SHA-256 outputs, enabling the identification of input blocks that contain a higher concentration of potential winning hashes by uncovering hidden mathematical patterns.
Following six months of modelling and extensive offline testing, the company said the new approach has consistently improved SHA-256 computational performance. Live testing is now underway using a Bitaxe Gamma miner equipped with a Bitmain BM1370 ASIC, while further evaluation is planned on an ASIC manufacturer’s mining development kit. Management believes the technology could evolve into a commercially viable Bitcoin mining solution, potentially strengthening Quantum Blockchain Technologies’ position in the competitive cryptocurrency mining sector as development of its Method C AI Oracle continues.
Despite the latest technological progress, the company’s outlook remains constrained by weak financial fundamentals, including minimal revenue, ongoing losses, negative free cash flow and negative shareholders’ equity alongside meaningful debt. Technical indicators also remain subdued, with the shares trading below key moving averages and negative MACD signals suggesting weak momentum. Valuation support is limited by the company’s negative earnings and the absence of a dividend.
More about Quantum Blockchain Technologies PLC
Quantum Blockchain Technologies PLC is an AIM-listed research, development and investment company focused on advancing blockchain technologies and cryptocurrency mining innovation. Its core objective is to develop proprietary Bitcoin mining methods that improve efficiency and performance beyond conventional mining techniques through the application of advanced mathematics, artificial intelligence and other emerging technologies.
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