Quantum Blockchain Technologies PLC (AIM: QBT, FRA: BYA1) has disclosed significant strides in its Bitcoin mining technology, inching closer to live deployment, as outlined in its financial results for the year ending December 31, 2025. Despite these advancements, the company reported an increase in losses, finishing the year with net current liabilities before subsequently extending its bond maturities.
In its statement, QBT emphasized the substantial progress made by its Method C AI Oracle, which includes a new patent application centered around binary decision trees. The company conducted live Bitcoin mining tests on current blockchain blocks, showcasing an approximate 30% efficiency improvement in FPGA-based live testing when compared to the same hardware operating without the AI Oracle.
The introduction of a software-only version of Method C was hailed as one of the company’s most commercially significant milestones to date. This version is intended to be integrated into existing mining software environments, such as CGMiner, rather than being embedded directly into ASIC chip architecture. This strategic move has facilitated dialogues with ASIC manufacturers, including non-disclosure agreements and an agreement with one manufacturer to provide dedicated mining hardware, source code, and essential technical documentation.
Financially, Quantum Blockchain Technologies reported a total comprehensive loss of €3.13 million for the year, a slight increase from €2.85 million in 2024. Operating losses remained relatively consistent at €2.95 million, while the company’s cash reserves decreased to €451,000 from €604,000 in the previous year.
Following the financial year’s conclusion, QBT successfully raised £500,000 before expenses at a price of 0.35p per share. Additionally, the company secured an extension of its bond maturities until December 2028. Method C testing was advanced through collaboration with an ASIC manufacturer’s Mining Development Kit, and QBT agreed to sell its remaining 23.39% stake in Forcrowd Srl for €155,000.
