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[figtree99] 30/11/2021 07:20

30 November 2021



Quantum Blockchain Technologies Plc
(“QBT” or “the Company”)


NDA signed to provide QBT with 5nm Technology for Proprietary Bitcoin mining ASIC


The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to announce that it has made the key decision to focus on the development of the more efficient 5nm Application-Specific Integrated Circuit (“ASIC”), rather than a 7nm ASIC (as announced on 5 November 2021), to use as its proprietary Bitcoin mining tool.


This decision was taken following a recent market announcement by a leading international Bitcoin mining equipment manufacturer that it will use 5nm ASICs for its the next generation of Bitcoin miners, which it expects to release in the second half of 2022. Accordingly, QBT has updated its development programme for the prototyping and industrial manufacturing of its proprietary Bitcoin mining, to use the 5nm ASIC.


Based on the Company’s internal projections, it believes that its previously planned optimised 7nm ASIC, would run at the same speed as the proposed 5nm ASIC, as announced by the above-mentioned Bitcoin miner manufacturer; this calculation is assuming the same number of ASICs will be used in the next mining model, as the above-mentioned miner currently applies to its existing model.


The rationale to move from a 7nm to 5nm, is because the estimated speed of QBT’s proprietary Bitcoin mining ASIC is expected to be at least twice as fast as the leading international Bitcoin miner manufacturer, before taking into account the optimisations of a second patent under development, which are yet to be factored in.

The Company will, therefore, move directly to developing a 5nm ASIC prototype, although it will still consider a phase of testing, as an intermediate step, on the 12nm ASIC, as announced on 5 November 2021.


A Non-Disclosure Agreement (“NDA”) has been signed with an international research & development organisation, which is active in the field of nanoelectronics, and which will give the Company access to one of the few 5nm semiconductor fabrication plants currently operational in the world.


The Company recognises that this significant step change, from 7nm to 5nm will, with regards to industrial production be significantly more expensive than its original strategy. However, as a first step, the initial phase of prototype testing of a 5nm ASIC will not cost the Company much more than the same process for a 7nm ASIC.

Assuming that the second patent application is filed by the Company’s cryptography expert by the end of February 2022, a first 5nm prototype, which would include all the improvements of both QBT’s first (ASIC UltraBoost) and second patent application, could be ready for manufacture in Q3 2022.

Detailed calculations on the energy consumption will be available only at the end of the ASIC design phase, before the small batch manufacturing of a prototype, when the ASIC software development platform will be able to perform a realistic estimate.


Francesco Gardin, CEO and Executive Chairman of QBT, commented: “Access to the 5nm technology for our ASIC Bitcoin mining chip is, after careful consideration, the natural choice for QBT in 2022. While the 12nm prototype is still an easy and relatively low-cost option, which we may still use for strategic ‘time-to-mine’ testing and early mining, the 5nm ASIC is now definitely our target.

“We have quickly identified a major international supplier, which will give us access to the 5nm technology and support our design team, given the very specific features and know-how involved when designing a 5nm ASIC. By entering into an NDA with this party, we can now begin the assessment of the timeline of the project, including the costs to produce a 5nm prototype and take it to industrial production.

“We continue to move fast to develop our disruptive Bitcoin mining strategy, of which the ASIC component is one of the key directions of our multidisciplinary cross-fertilising R&D approach.”

[knigel] 30/11/2021 07:19

More desperate by the day! Insolvent? Pmsl

[spary1] 30/11/2021 07:17

Awsum, looks like we are keeping up at some pace

[logica2me] 30/11/2021 07:14

Nice RNS. They’re not messing around!

[spary1] 30/11/2021 07:12

Amazing how many non shareholders ID are here posting on a share they don’t own, funny observation hey

[purplepelmets] 30/11/2021 07:12

LOL at this mornings belated RNS. Honestly, I think a suspension of listing is in order until we work out whether we are insolvent or not. These bizarro say nothing RNS's are not fooling this punter. No siree

[purplepelmets] 30/11/2021 07:04

are you sure you want to drag me into your new spat? was happy sitting on the sidelines. be careful what you wish for you little fantasist twerp.

[spary1] 30/11/2021 07:03

Blimey Allen, you really are one 1st class nut, if your life is this bad I pitty you.

But we all know you are another purplehelmet ID so as I keep saying get help man

[allenquatermain] 30/11/2021 05:50

Got up early - got the popcorn in - ready to laugh at the freaks

[figtree99] 30/11/2021 01:10

They were snapped up. Wow! if he doubled that.
I’m happy for Dave if he made money today.
Chance it may claw its way back here, but double the original holding, that doesn’t always work, but great when it does. Volume was 28m, looking for 40m+ now

Last rns was Nov 5th.
Next one can’t be too far off now.
Fri maybe

[stevebrrr] 29/11/2021 22:56

Considering that Dave77 had an urgent need to move 14 million shares out for GDR I was pleasantly surprised how well QBT held up today. All of those shares were taken up fast by the market. His trades will be late reported tomorrow or possibly wednesday.

[bulgarian] 29/11/2021 22:44

"..figtree9929 Nov '21 - 21:43 - 2037 of 2037
0 0 0
BTC climbing back towards $60,000..."

So what?

[bulgarian] 29/11/2021 22:33

When one considers that this was at 0.2p a few months ago (with the the court cases), there has been a ton of jam tomorrow suddenly added to the MCAP.

CEO ambition is one thing, that's what all AIM CEOS have to attract investment, deliverables in the commercial world something completely different..

[figtree99] 29/11/2021 21:43

BTC climbing back towards $60,000...

[allenquatermain] 29/11/2021 21:39

Sparey1 did your shares go up or down today you bellend

BWAHAHAHA

[stevebrrr] 29/11/2021 21:38

We are all well aware what happened today. lol

[244dk] 29/11/2021 21:17

These intra day movements all seem to be heading in one direction! Let's hope the next rns turns things around.

[spary1] 29/11/2021 21:08

Pmsl, so AllenQuatermain, you are obviously one of the many other trolling ID that posts here yet have to hide behind this made up ID with 500 trolling posts in less than a month. No matter what you post it’s clear to see you have major issues as nobody else seems to be worried about intra day movements except you? Seriously get some medical help is all I can say!

[inversi0n] 29/11/2021 21:06

Should be going back to 1.2p

[allenquatermain] 29/11/2021 20:55

I’m not a troll I only come him to laugh at the ramper losers

Soarey1 and stevebrrr proper bedwetters

Can’t wait to come back tomorrow morning

[bulgarian] 29/11/2021 20:46

Broomrigg29 Nov '21 - 17:51 - 9190 of 9197
0 2 2
Yep STRONG BUY....cheers Purplegarian multi ID fruitcake lolll

100 bagger?

You are having a Turkish? Typical clueless ramping BB moron.

[bulgarian] 29/11/2021 19:25

Quartermain,
Take that as a compliment. When Spray1 gets going on the ramp he can do 50 a day on one ID = 1500/ month no sweat.

That's before all the others get logged on & off..

;-)

[spary1] 29/11/2021 19:14

AllenQuatermain 500 trolling posts in less than a month, that’s some going fruitcake

[allenquatermain] 29/11/2021 18:56

Sparey1 now sounding like a desperate bedwetter as he’s put all his piggy back money he got from granny last Christmas In this share

The nite it falls the nite we laugh at this pathetic little man

Can’t wait to come back tomorrow to laugh at him again