Investing.com -- Quantum Blockchain Technologies (AIM:QBT) has signed non-disclosure agreements with three ASIC manufacturers as part of its effort to commercialize its Bitcoin mining software products, the company announced Friday.
The AIM-listed investment company said these manufacturers will now need to make their mining rigs available to QBT’s testing team at its Milan laboratory, along with access to their source code.
This will allow QBT to install the software version of its Method C AI Oracle, which was launched on November 12, onto the third-party mining rigs.
QBT had previously begun joint analysis of the hardware version of Method C AI Oracle with one of these manufacturers, as announced on April 8. However, since integrating the hardware version into ASIC architecture could take up to 18 months, both parties agreed to prioritize the software version for faster commercial deployment.
The company has also signed an NDA with a Bitcoin mining pool, aiming to help pool nodes generate better quality hash rates to mine more Bitcoin. This approach could potentially bypass the need to modify the operating systems of all mining rigs using the pool.
Regarding patent applications, QBT is working with patent lawyers to respond to queries from examiners in Europe and the US, which it described as standard procedure for most patent applications.
Additionally, QBT is collaborating with a startup that designs mining solutions around the Blockscale Intel ASIC to test the validity of the company’s Methods A, B, and C across various SHA-256 implementations.
Francesco Gardin, CEO and Executive Chairman, said: "The Company is now engaged with the ASIC manufacturers it has been targeting over the past year. The Board believe QBT’s technology proposition is unique within the Bitcoin industry, which is the main reason why there is such a high level of interest from mining companies assessing our technology."
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