Quantum Blockchain Technologies Plc – Bitcoin Mining Report
March 22, 2023
Quantum Blockchain Technologies Plc
(“QBT” or the “Company”)
Publication of the company’s report on the Bitcoin mining industry
Quantum Blockchain Technologies, the AIM-listed (AIM: QBT) company that actively develops cutting-edge hardware and software to improve the efficiency of cryptocurrency mining, today publishes its detailed research report on the financial performance of the world’s leading publicly traded Bitcoin miners.
The report, entitled “BTC 2022 Mining Industry: Mainly Listed Miners” is available by by clicking on the following link: quantumblockchaintechnologies.co.uk/investor-relations/reports
Among the report’s key findings is the surprising inverse relationship during 2022 between the Bitcoin price and the technical difficulty of mining successfully. As the price of Bitcoin fell, it became more difficult and expensive for miners to participate in the industry.
The report dissects various performance metrics for the nine largest publicly traded Bitcoin mining companies and also ranks them on their 2022 mining output. Key factors such as individual companies’ power consumption, EBIT and EBITDA, mining efficiency, the ratio of Bitcoins mined and sold for liquidity purposes are all tabulated and graphed. Bitcoin is the largest cryptocurrency in the world. It lost almost 65% of its market value during 2022.
For Quantum Blockchain Technologies (“QBT”), the research underlying this report is part of the company’s fundamental analysis to see key economic drivers of today’s Bitcoin mining industry. QBT sees significant opportunities for new technologies, including those developed in-house, to improve the operational performance and financial return of Bitcoin mining hardware.
For further information please contact:
Quantum Blockchain Technologies Plc
Francesco GardinCEO and Executive Chairman +39 335 296573
SP Angel Corporate Finance (Nominated advisor and broker)
Jeff Keating +44 (0)20 3470 0470
Kasia Brzozowska
Leander (Financial PR)
Christian Taylor-Wilkinson +44 (0) 7795 168 157
About Quantum Blockchain Technologies Plc
QBT (AIM: QBT) is an AIM-listed investment company that has recently realigned its strategic focus to technology-related investments, with particular regard to the quantum computing, blockchain, cryptocurrencies and AI sectors. The company has embarked on an aggressive R&D and investment program in the dynamic world of Blockchain Technology, which includes cryptocurrency mining and other advanced blockchain applications.
