Quantum Blockchain Technologies (AIM:QBT) announced it has sold its remaining interest in ForCrowd, agreeing aggregate gross proceeds of €155,000 to exit the investment.
The disposal forms part of QBT's strategy to concentrate resources and management attention on its core blockchain technologies, Bitcoin mining optimisation and artificial intelligence-driven solutions.
"We are pleased to conclude the disposal of our remaining investment in ForCrowd. The transaction brings additional cash resources to QBT and allows the Company to further focus on the execution of its strategic objectives," said Francesco Gardin, QBT's executive chairman and chief executive officer.
The transaction comprises the sale of a 5.47% interest pursuant to a previously agreed option for €25,000, with the aggregate gross proceeds receivable by QBT amounting to €155,000, the company said. As part of the process, Gardin will step down as Chairman of ForCrowd following completion.
