Quantum Blockchain Technologies Signs NDA with Leading ASIC Chip Manufacturer
Why we think this is neutral
The RNS announcement indicates that Quantum Blockchain Technologies has signed a Non-Disclosure Agreement (NDA) with a leading manufacturer of ASIC chips for bitcoin mining. This is a positive step towards a potential commercial deal, but the details and financial impact are still unclear. The company will be presenting its AI Oracle technology to the manufacturer and conducting testing, which could lead to a future commercial agreement. However, the RNS does not provide specific information about the revenue opportunity, margin levels, or timeline, so the overall sentiment is neutral at this stage.
Key Points
- Quantum Blockchain Technologies has signed a Non-Disclosure Agreement (NDA) with a leading manufacturer of ASIC chips for bitcoin mining
- The company will present its Method C AI Oracle technology to the manufacturer and conduct testing under the NDA
- The testing will be carried out under the supervision of a member of QBT's R&D team
- The NDA is another step towards third-party endorsement and a potential commercial deal
Summary
Quantum Blockchain Technologies (QBT) has signed a Non-Disclosure Agreement (NDA) with a leading manufacturer of ASIC chips for bitcoin mining. The company will be giving an in-depth presentation of its Method C AI Oracle technology to the manufacturer during April, followed by a period of testing to confirm the AI Oracle's performance. The testing will be carried out under the supervision of a member of QBT's R&D team. While this is a positive step towards a potential commercial deal, the RNS does not provide specific details on the revenue opportunity, margin levels, or timeline for the partnership.