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Quantum Blockchain - Equity Financing
Overview
Funding Date
October 30, 2023
Financing amount
$2.4M
Valuation
--
Category
About Quantum Blockchain - Equity Financing
Quantum Blockchain Technologies PLC (AIM:QBT) has raised £2 million ($2.4 million )(before expenses) through a placing of shares at 1.5p per share. Proceeds of the placing will be used by Quantum to pursue its research and development programme through additional hires, new hardware and an increase in software development. Funds will also be allocated towards the company's ongoing legal claims in relation to legacy investments and provide general working capital.
Founders & Team
Francesco Gardin
Company Profile / Project Introduction
QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development and investing company focused on an intensive R&D programme to disrupt the Blockchain Technologies sector and, which includes, cryptocurrency mining and other advanced blockchain applications. The primary goal of the R&D programme is to develop Bitcoin mining tools and techniques, via its technology-driven approach, which the Company believes will significantly outperform existing market practices.