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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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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Vanya Dragomanovic

Vanya Dragomanovich

Vanya is an award-winning financial journalist who has worked in both television and newswires. She spent over 10 years at Dow Jones covering commodity markets, including metals, coffee, cocoa and oil. She also reported from the floor of the London Metals Exchange, and appeared on CNBC to discuss international metals markets. Since then she has written for several leading financial publications, including serving as commodities editor for FTSE Global Markets.

Vanya continues to cover international commodities markets globally, specialising in particular on metals and alternative energy. She is also the author of a book on CFD trading.

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