Jinse Finance reported that Francesco Gardin, CEO of QBT, a British research company quantum blockchain technology company, said that the company has developed an algorithmic search method that can improve Bitcoin mining efficiency and reward probability. Over a two-year period, the company developed several different patented methods using the expertise of around 20 experts in the theoretical fields of quantum computing, machine learning, cryptography, ASIC chip design and algorithm optimization. QBT's machine learning team has developed two different algorithmic search methods that improve the performance of ASIC miners by increasing the efficiency and probability of winning results. It is said that "method A" can increase the efficiency of miners by 10%, while "method B" can increase the probability of miners winning by 260%.

On June 1st, Quantum Blockchain (QBT), a research and development and investment company listed on AIM on the London Stock Exchange, announced that it had completed a financing of 1 million pounds (about 1.24 million U.S. dollars) through a stock placement (about 71 million pounds at a price of 1.4 pence per share). shares), the new funds will be used to accelerate the development of its bitcoin mining machine algorithms and software products, while expanding its business in North America. QBT is a research and development and investment company listed on AIM of the London Stock Exchange, focusing on research and development programs in the field of blockchain technology, including cryptocurrency mining and other blockchain applications.