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QBT Quantum Blockchain Technologies Plc

0.675
0.00 (0.00%)
25 Apr 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quantum Blockchain Technologies Plc LSE:QBT London Ordinary Share GB00B50P5B53 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.675 11,073,432 14:40:29
Bid Price Offer Price High Price Low Price Open Price
0.65 0.70 0.675 0.65 0.675
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec EUR EUR -4.21M EUR -0.0033 -2.03 8.72M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:33:27 O 2,500,000 0.625 GBX

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Posted at 27/4/2025 09:20 by Quantum Blockchain Techn... Daily Update
Quantum Blockchain Technologies Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker QBT. The last closing price for Quantum Blockchain Techn... was 0.68p.
Quantum Blockchain Techn... currently has 1,291,313,755 shares in issue. The market capitalisation of Quantum Blockchain Techn... is £8,651,802.
Quantum Blockchain Techn... has a price to earnings ratio (PE ratio) of -2.03.
This morning QBT shares opened at 0.68p
Posted at 23/4/2025 08:18 by anddownitgoes
NDAs in place, these discussions don't happen overnight, chip manufacturers will want to do due diligence etc etc etc ad nauseam.

The RNS only stated a presentation would be taking place in April so may not have happened yet. This bit is also puzzling:

The Company will be giving an in-depth presentation of the Method C AI Oracle technology to the manufacturer during April, followed by a period of testing by the manufacturer

This sounds like QBT assuming the happy path when in the real world testing would only take place if the presentation was successful.

What I believe has happened is that QBT have made their claims and on the strength of Jose and Ronald being on board the manufacturer has agreed to a detailed presentation for which QBT have insisted an NDA is signed. This is akin to being allowed to show your product to a firm. To assume they will automatically move onto testing once they have seen it is incredibly presumptuous. Especially as the feedback from Nashville was basically 'interesting idea but major hurdles to overcome'. Biggest of these I think are the need to retrain the Oracle on difficulty changes (why????) and the fact that a chip would be reliant on QBT to update it with the latest magic beans.
Posted at 21/4/2025 21:09 by anddownitgoes
There seems to be a lot of hope resting on an NDA which is a precursor to a demo which may, or may not, lead to further testing.

I can imagine the black box nature of the Oracle, plus the reliance on QBT keeping it updated to deal with changes in difficulty will be the killer. Whoever they are talking with would need to also secure the Oracle code, and the QBT team responsible for it, in order to secure their investment. Then they would have to be prepared to sell an ASIC that was fully reliant on getting updates via the QBT SaaS.

I imagine they will mark this down as interesting as an idea but unworkable in the real world.

What will be interesting will be how QBT will wriggle out of this without having to admit to the market their prospect was not interested.
Posted at 15/4/2025 10:52 by 1knocker
Maybe 'Not Doing Anything'.

Everyone already knows that QBT has not done anything, but fair dealing and commercial morality require that QBT warn the miners and rig makers it approaches that there is nothing in the pipeline, despite vague statements in 3D videos (is that threpence in old money?) and soft interviews suggesting otherwise.

Of course the rampers will respond (correctly) that nearly a year ago FG assured us that QBT was 'on track' to generate revenue by y/e 2024, and has never revised his position on that. So the revenue must have started to flow in at least 4 months ago, and the auditors are just being slow producing the accounts to show it. Presumably that is the 'big. news' which Iceage has been confidently predicting for 'tomorrow' for as long as I can remember.

That is the only possible explanation isn't it? FG would never mislead the market. If the trading outlook had changed QBT would have issued a trading statement saying so and stating its revised forecast. for revenue
Posted at 10/4/2025 07:38 by ellipses
How this can be effectively tested is beyond me.

Since it was explained/suggested to me that the data stored on the Blockchain is not a copy of the winning hash and its input I cannot see where they got the data from to train the Models in the first place.

Also the lack of that data stymies any effort to test the Models. As a result unless they can explain how the the Models work, they cannot [1], then they are left running the Models in their fantasy definition of 'real time'.

That will mean that for their 3TH BitAXE they will be getting a result 30% faster than every 4,500 years. The fact that no-one will be around long enough to verify a Model is kind of academic given the network is designed to run out of Bitcoin in 2140.

ASM: Asic Manufacturer.
QBT: Bunch of Numpties.

ASM: "Can you prove this works mathematically?"
QBT: "Yes!"
ASM: "Well. That will save a bit of time. Show us the sums."
QBT: "It's a secret."
ASM: "A secret or you can't prove it?"
QBT: "Definitely a secret." {Fingers and Toes Crossed}

[1] QBT assumes there is a flaw in Bitcoin Mining. They have no idea what it is. They just train an AI Model of some description against known, see above, inputs and outputs. Then they see how the Model performs, methodology unknown, hopefully using the right null hypothesis and strict hygiene to avoid the introduction of bias.

It is the equivalent of mixing mud with orange squash and claiming that you have made a Terry's Chocolate Orange. Even that analogy falls over because mud is brown and orange quash tastes of orange.
Posted at 06/4/2025 09:42 by 1knocker
Ellipses, it is important that investors remember at times of market shocks like the present that there still beeeeelionaire making opportunities out there.

QBT LTHs hardly need reminding of that, of course. During the quarter century they have been waiting they have seen the dot com bubble burst, the 2008 financial crisis and market drop, the Covid upheaval and market drop, and many lesser road bumps. But QBT still marches on. Can anyone dispute that the chances of it making you a billionaire have remained unchanged throughout that quarter of a century, unaltered by the rises and falls in the rest of the market over that period ?

Courage mon braves, YOU don't need to worry about the current turmoil in the markets.

It is now clear that the farsighted FG long ago saw tariffs coming, and wisely ensured that QBT would be unscathed. Without a product to sell, or any prospect of one, QBT can laugh in the face of Trump and his tariffs. Folks laughed at QBT when the long awaited sales failed to materialise last year. But it is the QBT shareholders who are laughing now. There are no tariffs on patents and NDAs !
Posted at 03/4/2025 16:39 by 1knocker
I told you that QBT had an immense advantage because having no sales (nor any prospect of any) the tariffs would not impact it.

And lo, I was right! The QBT share price has not been impacted by yesterday's tariff announcements.

It is not often that I can post encouraging words for the QBT rampers, but for once straightforward analysis of the numbers enabled me to do so.

Credit where credit is due. I think a few upticks for that post are in order, rampers.
Posted at 26/3/2025 12:05 by darmz
All I see across aim Is Price hikes when market makers and brokers are offloading and forward selling placings they then short the stock Placing is announced and share price drops below placing QBT has nothing no PR no news It went to 2.3p last time so placing could be done As soon as it was the share price has been falling ever since I do not see any news or anything imminent that will even take this o placing price
Posted at 20/3/2025 20:34 by ellipses
Another spot from UserSteve over on LSE...





In a previous diatribe by my good self I suggested that D-Waves Quantum Annealing Computer would not be suitable for the mining of BitCoin. I might have to admit that I am wrong.

However, on a quick read through, this application appears to be specific to Blockchain and in particular its validation rather than the mining of Bitcoin.

On one side of the coin the presence of such a technique should not trash the share price of QBT, that should be self trashing itself if it were not for numpty know nothing investors but given there are numpty know nothing investors involved it seems possible that this will happen.

On the other side of the coin. Numpty know nothing investors in D-Wave should not expect a lift off in the share price of D-Wave but given there are numpty know nothing investors involved it seems possible that this will happen.
Posted at 20/3/2025 19:55 by 1knocker
FG 'presenting individually to customers on a one-to-one basis in a private setting' it does sound rather like a lap dancer taking customers for a bit extra in a back room.

The difference, of course is that the lap dancer has something to sell. That will be why Vlad, QBT's 'international sales consultant' is not being taken along.

I get the feeling that FG is, literally and figuratively, just going through the motions, IF QBT was an oil explorer it would have written off the current quest as a dry well. Time to dismantle the rig and move on. So what should be next? It has tried and failed with swimming pools , pizzas, and quantum computing. Drones seem quite fashionable at present.

I see that the share price slipped again today. QBT is now down 75% from its brief post-placement spike few weeks ago. The sands are running out.
Posted at 13/3/2025 19:58 by ellipses
There seems to be some excitement over on LSE regarding a 'breakthrough' by D-Wave...



Indeed QBT have had some exposure to the company in the past...





Notice that D-Wave were then and are now offering access to Quantum Annealing technologies.



You might suppose that the nature of this becomes a bit suspect when the company mentions 5,000+ qubit implementations.



Google’s latest iteration of its quantum machine, the Sycamore quantum processor, currently holds 70 qubits. This is a substantial leap from the 53 qubits of its earlier version. This makes the new processor approximately 241 million times more robust than the previous model.

How can D-Wave claim 5,000 qubits when poor old Google is still stuggling along at 70?

This is because D-Wave qubits are totally different to Google qubits. You might characterise Google qubits as being multi-state and amenable to general purpose calculations whereas D-Wave qubits are lowest-state and amenable to single purpose calculations.

Indeed the release from D-Wave suggests a materials science application in magnetics where the process of annealing would be expected to make predictions as to how such materials might crystalise.

This has absolutely nothing to do with the task that QBT have set for themselves and indeed the suggestion made over on LSE that it will accelerate their development of such ideas is entirely misplaced.

This of course will beg the question as to why did QBT make such a song and dance about their involvement with D-Wave in the past and your simple answer is that QBT were once again misleading their investors.

Quantum Annealing Computer ≠ Quantum Computer but it's close enough to fool the ignorant investor, as it has done over on LSE and drive the share price.

Your other nicer but equally unappealing answer is that QBT set up a paid for jolly for someone to make use of D-Waves technology for research totally unrelated to their stated goals.
Quantum Blockchain Techn... share price data is direct from the London Stock Exchange

Quantum Blockchain Techn... Frequently Asked Questions (FAQ)

What is the current Quantum Blockchain Techn... share price?
The current share price of Quantum Blockchain Techn... is 0.675p
How many Quantum Blockchain Techn... shares are in issue?
Quantum Blockchain Techn... has 1,291,313,755 shares in issue
What is the market cap of Quantum Blockchain Techn...?
The market capitalisation of Quantum Blockchain Techn... is GBP 8.72M
What is the 1 year trading range for Quantum Blockchain Techn... share price?
Quantum Blockchain Techn... has traded in the range of 0.475p to 2.375p during the past year
What is the PE ratio of Quantum Blockchain Techn...?
The price to earnings ratio of Quantum Blockchain Techn... is -2.03
What is the reporting currency for Quantum Blockchain Techn...?
Quantum Blockchain Techn... reports financial results in EUR
What is the latest annual profit for Quantum Blockchain Techn...?
The latest annual profit of Quantum Blockchain Techn... is EUR -4.21M
What is the registered address of Quantum Blockchain Techn...?
The registered address for Quantum Blockchain Techn... is FIRST FLOOR, 1 CHANCERY LANE, LONDON, WC2A 1LF
What is the Quantum Blockchain Techn... website address?
The website address for Quantum Blockchain Techn... is www.quantumblockchaintechnologies.co.uk
Which industry sector does Quantum Blockchain Techn... operate in?
Quantum Blockchain Techn... operates in the OFFICES-HOLDNG COMPANIES,NEC sector

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