Quantum Blockchain Technologies PLC gave investors an update, following its attendance at the recent Nashville Energy & Mining Summit (NEMS26), at Bitcoin Park on 22 and 23 January.
“We are now entering our fourth year of attending US Bitcoin mining events. Bitcoin Park... provides QBT with the necessary visibility in the sector to all the most important players which represent QBT’s potential future partners and clients," said chief executive Francesco Gardin.
“The central role played by the US Bitcoin community in the development of this growing crypto ecosystem is unique, hence our constant presence at US-based events like this one."
The company, in a statement, told investors that its management team engaged with ASIC manufacturers that have signed NDAs with QBT.
Discussions focused on the timing for delivery of potential hardware and software from possible customers and commercial partners, it said. QBT added that partial access to source code has already been granted.
QBT highlighted that it also held discussions with other Bitcoin industry participants at the event.
According to QBT, it is being perceived and recognised by the industry as a forerunner in applying AI technology to SHA-256 optimisation, which it described as the core algorithm for Bitcoin mining.
The company highlighted a presentation by the 256 Foundation of a working open-source real-time mining system using three EmberOne hashing boards comprising 36 ASICs in total.
QBT said the launch marked the first implementation of a publicly available open software and hardware Bitcoin-mining “stack” built from open-source components including the EmberOne hashing board, Libre Board control board, Mujina firmware and HydraPool mining pool.
QBT said it maintains relations with key 256 Foundation members through its US consultants. It said it is allocating part of its existing resources to master all elements of the 256 Foundation Bitcoin-mining stack to implement its Methods on the environment as new mining rigs are launched by system integrators later this year.