London-based blockchain technology research and development company Quantum Blockchain has completed a $1.24 million financing through a stock placement

ChainCatcher news, Quantum Blockchain (QBT), a blockchain technology research and investment company listed on the London Stock Exchange AIM, announced the completion of £1 million (approximately $1.24 million) financing through a share placement (selling about 71 million shares at a price of 1.4 pence per share). The new funds will be used to accelerate the development of its Bitcoin mining machine algorithms and software products, while also expanding its business in North America.

QBT is a research and investment company listed on the London Stock Exchange AIM, focusing on research and development programs in the field of blockchain technology, including cryptocurrency mining and other blockchain applications. (Source link)