Quantum Blockchain Technologies Raises GBP1 Million via Discounted Share Placing
01 June 2023 - 5:10PM
Dow Jones News
By Ian Walker
Quantum Blockchain Technologies said Thursday that it has raised
1 million pounds ($1.2 million) via a discounted share placing and
will use the money toward research and development, with a
particular focus on its bitcoin mining machine learning algorithms
and software product release.
The cryptocurrency technology company said that it will also use
the funds for the development of its North America business, among
other things, and for provide general working capital.
Quantum has placed 71.4 million new ordinary shares at 1.4 pence
each, a 27% discount to its closing price of 1.93 pence on
Wednesday.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
June 01, 2023 02:55 ET (06:55 GMT)
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