Quantum Blockchain Technologies (AIM:QBT) has resumed its quantum computing research programme into Bitcoin mining and reinstated the same Milan University team that led the original project.
The AIM-listed investment company focused on blockchain research and development said the work restarts after a 2023 pause caused by insufficient qubit capacity and that even incremental quantum gains on proof-of-work could yield material economic benefits for Bitcoin mining.
"QBT already possesses a quantum implementation of SHA-256, which we believe represents a meaningful step forward and provides us with a strong foundation for benchmarking and future development," said Francesco Gardin, CEO and Executive Chairman.
The company said the programme will combine systematic monitoring of global quantum hardware scaling, analysis of hashing and optimisation algorithms, and deployment of its proprietary quantum SHA-256 inside an independent benchmarking framework to assess emerging platforms.
While QBT acknowledges current hardware limits prevent practical deployment today, it said the resumed work positions the group to exploit any rapid near-term breakthroughs as quantum platforms evolve.
