Quantum Blockchain Technologies (LON:QBT), an AIM-listed company which has transformed itself from a leisure property firm previously called Clear Leisure, is tackling some very interesting research in quantum computing algorithms.
The knowledge developed in the process will primarily be used to mine Bitcoin but could later also be used for other purposes, chief executive Francisco Gardin explains.
QBT started changing tack away from property and into tech some three years ago and started looking into raising money to invest in other tech firms, but Gardin, an Italian quantum physics professor, also had other ideas. One of the most lucrative ones was to start mining Bitcoin. However, the experience here was patchy. It soon became evident that if the firm mines the cryptocurrency using technology made by other companies it will forever remain at a disadvantage.
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