Mentioned:
The largest publicly traded quantum computing company in Canada is raising a new round of funding. But, why?
What’s happening:
- BTQ Technologies (CBOE: BTQ) has announced a new $40M CAD equity financing round
By the numbers:
- BTQ Technologies will issue approximately 5.5M common shares at $7.20 CAD per share
Why it matters:
- BTQ Technologies has quickly become one of the single most important companies in the world focused on developing new technology to secure digital assets from new threats caused by quantum computing and highly advanced cyberattacks
Going deeper:
- BTQ Technologies just recently made waves when they unveiled their Quantum Stablecoin Settlement Network which is purpose built to be a leading edge, secure platform for banks and stablecoin issuers to deal with potential quantum computing threats
- Publicly listed quantum computing companies have continued to raise capital at a rapid rate lately, with D-Wave Quantum (NYSE: QBTS) raising $400M USD through an at-the-market financing round and IonQ (NYSE: IONQ) just recently entering into a new $1B USD financing with Heights Capital Management
