Quantum Blockchain Technologies PLC (AIM:QBT) soared 24% on Monday, resulting in a share price of 1.1p and a market capitalisation of £8.7mln.
In its most recent research and development update, the company announced progress towards a potential patent filing for its SHA-256 bitcoin mining algorithm.
Quantum Blockchain also announced Mark Trafeli as a non-executive director (NED), with chief executive Francesco Gardian stating: "I am pleased that Mark has joined our board, as a NED, bringing his extensive UK and US corporate experience.”