IN BRIEF: Quantum Blockchain applies SHA-256 to other … – Morningstar

IN BRIEF: Quantum Blockchain applies SHA-256 to other … – Morningstar

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Quantum Blockchain Technologies PLC – London-based cryptocurrency researcher and investor – Decides to apply its SHA-256-based optimisations to other cryptocurrencies within the bitcoin family. Believes it makes commercial sense to offer the same potential increase in efficiencies through its SHA-256-based optimisations to miners of other bitcoin currencies like Bitcoin Cash and Bitcoin SV. Notes that its main focus will still remain on developing bitcoin mining products.

“We are confident that our SHA-256 optimisations and the quantum version of SHA-256 will work for mining BCH and BSV with no change, due to SHA-256 being the core mine algorithm for both. Any additional opportunities for our proprietary mining technology are always welcome as it has the potential to enhance shareholder value,” Chief Executive & Chair Francesco Gardin comments.

Current stock price: 2.27 pence

12-month change: down 3.4%

By Abby Amoakuh, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Limited. All Rights Reserved.

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