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Quantum Blockchain - Share Placement
Overview
About Quantum Blockchain - Share Placement
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to announce that it has raised £1,000,000($1,240,000) (before expenses) through the placing of 71,428,571 new ordinary shares of 0.25 pence each in the Company ("Placing Shares") at a price of 1.4 pence per Placing Share (the "Placing").
The net proceeds of the Placing will allow the Company to continue to progress its research and development programmes, particularly the further development of its proprietary bitcoin mining machine learning algorithms and software product release, North America business development activities, fund the progression of the Sipiem in Liquidazione S.r.l’s response to the defendants’ appeal 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.