BTQ Technologies Announces Research Coverage from Leading Digital Asset Research Firm Delphi Digital on Bitcoin Quantum, the Quantum-Safe Bitcoin Network Developed by BTQ

Rhea-AI Summary

BTQ Technologies (Nasdaq: BTQ) announced that Delphi Digital published in-depth research validating BTQ's Bitcoin Quantum initiative as a quantum-safe, Bitcoin-compatible “quantum canary” network. The report highlights BTQ's Bitcoin Quantum Core 0.2 milestone, which demonstrated a quantum-safe Bitcoin flow by replacing ECDSA with NIST-standardized ML-DSA for wallet creation, signing, and verification.

Delphi notes Bitcoin Quantum's role for institutional migration rehearsals, post-quantum signature benchmarking, quantum-native proof-of-work research, and reuse of the stack for stablecoins and custody (including QSSN).

News Market Reaction

+8.82%

1 alert

+8.82% News Effect

On the day this news was published, BTQ gained 8.82%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Share price: $6.38 Market cap: $929,772,175 Bitcoin Quantum Core version: 0.2 +5 more

8 metrics

Share price $6.38 Prior to Delphi Digital research coverage announcement

Market cap $929,772,175 Equity value before the research coverage news

Bitcoin Quantum Core version 0.2 Milestone demonstrating quantum-safe Bitcoin implementation

QCIM agreement value USD 15M Joint development and investment agreement with ICTK (Nov 17 update)

Cash balance C$39,389,812 Reported in Nov 17, 2025 corporate update

Quantum simulation speedup over 100× faster GPU-accelerated QLEO vs CPU-only runs (Nov 18 product news)

Prior positive reaction 8.82% 24h move after earlier coverage of this Delphi Digital report

Largest recent gain 24.79% 24h move after Nov 18, 2025 QLEO launch news

Market Reality Check

Price: $2.83 Vol: Volume 2,327,103 is below...

low vol

$2.83 Last Close

Volume Volume 2,327,103 is below the 20-day average of 3,424,824, suggesting limited pre-news participation. low

Technical Price at $6.38 is trading below the 200-day MA at $7.93 and well under the $16.00 52-week high.

Peers on Argus

No peers with momentum or same-day headlines were detected, indicating the setup...

No peers with momentum or same-day headlines were detected, indicating the setup around this research coverage appears stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Research coverage	Positive	+8.8%	Digital asset research firm validated Bitcoin Quantum as quantum-safe network.
Nov 24	Index inclusion	Positive	+13.4%	Added to MSCI Canada Small Cap Index, boosting institutional visibility.
Nov 18	Product launch	Positive	+24.8%	Launched GPU-accelerated QLEO emulator with NVIDIA CUDA-Q compatibility.
Nov 17	Corporate update	Positive	+7.9%	Corporate update on QSSN, QCIM, QPerfect and related commercialization.
Nov 13	Earnings communication	Neutral	-11.0%	Announcement of webinar to discuss Q3 2025 financial results.

Pattern Detected

Recent news has often been followed by positive price reactions, especially around quantum technology milestones and index inclusion, with only one notable negative reaction on a routine earnings-related communication.

Recent Company History

Over the last month, BTQ issued several updates tied to quantum infrastructure and capital markets visibility. On Nov 13, it flagged a webinar on Q3 2025 financials, which saw a -10.96% move. Subsequent corporate and product updates on Nov 17, Nov 18, and index inclusion on Nov 24 coincided with gains of 7.88%, 24.79%, and 13.45%. The Delphi Digital research coverage on Dec 03 previously aligned with a positive 8.82% reaction, reinforcing a pattern of constructive responses to strategic and technology-focused news.

Market Pulse Summary

The stock moved +8.8% in the session following this news. A strong positive reaction aligns with how...

Analysis

The stock moved +8.8% in the session following this news. A strong positive reaction aligns with how BTQ previously traded around strategic milestones, where news on quantum infrastructure and index inclusion coincided with gains up to 24.79%. Earlier coverage of this same Delphi Digital report saw a 8.82% move, suggesting investors had rewarded validation of Bitcoin Quantum. However, past patterns do not guarantee durability; shifts in risk appetite, execution risk around testnet and mainnet plans, and broader crypto sentiment could all affect how long strength persisted.

Key Terms

ecdsa, shor's algorithm, post-quantum cryptography, proof-of-work, +4 more

8 terms

ecdsa technical

"quantum threat to ECDSA-secured systems, citing the potential for Shor's algorithm"

Elliptic Curve Digital Signature Algorithm (ECDSA) is a method for creating and checking digital signatures using math based on elliptic curves; think of it as a unique, tamper-proof wax seal for electronic messages and transactions. For investors, ECDSA matters because it protects the integrity and ownership of digital assets, verifies that transactions come from the right source, and means that poor key management or flawed implementations can lead to theft, fraud, or regulatory concerns.

shor's algorithm technical

"citing the potential for Shor's algorithm to recover private keys"

Shor's algorithm is a quantum computing method for quickly finding the prime factors of large numbers and solving related math problems that underlie most internet encryption. For investors, it matters because a practical implementation would undermine widely used security systems that protect financial transactions, data storage, and digital identities — similar to finding the master key to many locked safes at once — potentially creating huge shifts in cybersecurity, cloud services, and regulatory risk.

post-quantum cryptography technical

"testbed for post-quantum cryptography, quantum-native proof-of-work"

Post-quantum cryptography is a set of new methods for scrambling data so it stays secure even if powerful quantum computers exist; think of replacing today’s locks with designs that a future high‑speed lockpicker cannot open. For investors, it matters because companies must upgrade systems, meet regulations, and protect customer and trade data—creating costs, competitive advantages, or legal and reputational risks depending on how quickly and effectively they adopt these new security standards.

proof-of-work technical

"quantum-native proof-of-work based on boson sampling and other quantum-advantaged"

A proof-of-work system is a method used by some digital networks to confirm transactions and secure the ledger by requiring participants to solve difficult computational puzzles; the first to solve a puzzle earns the right to add new records and receive a reward. For investors, it matters because it determines how much energy and hardware the network needs, affects transaction speed, security against attacks, and the supply rate and cost structure of the digital asset—factors that influence value and regulatory scrutiny.

utxo technical

"focus on UTXO migration rehearsals, fee and latency modeling"

An unspent transaction output (UTXO) is a discrete chunk of cryptocurrency that remains after a blockchain transaction and can be spent in a future transaction; think of it like individual bills or coins in a digital wallet rather than a single running balance. Investors care because UTXO models affect how transactions are verified, how easily funds can be tracked or mixed (privacy), and how scalable and efficient a blockchain is, which can influence network fees and asset liquidity.

stablecoin financial

"relevant to Ethereum and stablecoin infrastructure, with BTQ's Quantum Secure"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

custodians financial

"extend its quantum-safe stack to stablecoins, exchanges, and custodians"

Custodians are banks or specialized firms that hold and safeguard securities and cash on behalf of investors, acting like a vault and record-keeper for financial assets. They handle tasks such as processing transfers, collecting dividends or interest, and keeping official ownership records, so investors can focus on decisions rather than safekeeping. Reliable custodians reduce the risk of loss or paperwork errors and are important for trust, liquidity and operational safety in investing.

decentralized finance (defi) financial

"attacks against Bitcoin, Ethereum, exchanges, and DeFi infrastructure."

Decentralized finance (DeFi) is a system that allows people to access financial services—such as borrowing, lending, or trading—directly through digital platforms without relying on traditional banks or financial institutions. It uses blockchain technology to operate transparently and securely, giving investors more control over their money and potentially reducing costs. This innovation matters because it can expand financial access and create new opportunities for wealth building around the world.

AI-generated analysis. Not financial advice.

• Delphi Digital research coverage: Delphi Digital, a leading independent digital asset research firm, has published an in-depth report on BTQ Technologies and Bitcoin Quantum, validating BTQ's role in addressing the emerging quantum threat to Bitcoin and the broader crypto ecosystem. 
• Bitcoin Quantum as a "quantum canary" network: The report highlights Bitcoin Quantum as a quantum-safe, Bitcoin-compatible network built on Bitcoin Core that enables real-world testing of NIST-standardized post-quantum signatures, quantum-native proof-of-work, and full migration playbooks for institutions without risking the Bitcoin mainnet.
• Strategic positioning for BTQ: Delphi's analysis reinforces BTQ's position as a pioneer in quantum-safe crypto infrastructure, supporting its strategy to advance Bitcoin Quantum to testnet and mainnet, extend its quantum-safe stack to stablecoins, exchanges, and custodians (including QSSN), and provide the data and tooling needed to define "quantum readiness" standards for institutional digital asset exposure.

VANCOUVER, BC, Dec. 3, 2025 /PRNewswire/ - BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that Delphi Digital, a leading independent digital asset research and advisory firm, has published an in-depth research report titled "BTQ Technologies: Securing Crypto's Future Against the Quantum Threat."

The report provides a comprehensive overview of BTQ's Bitcoin Quantum ("BTQ") initiative, positioning it as a "quantum canary" network designed to protect Bitcoin and the broader digital asset ecosystem from the accelerating threat of cryptographically relevant quantum computers. It highlights the growing urgency around quantum risk, the limitations of upgrading Bitcoin's base layer directly, and the role of Bitcoin Quantum as a live, production-grade testbed for post-quantum cryptography, quantum-native proof-of-work, and quantum-safe migration playbooks for institutions.

Delphi Digital's coverage follows BTQ's recently announced Bitcoin Quantum Core 0.2 milestone, which demonstrated a quantum-safe Bitcoin implementation that replaces Bitcoin's quantum-vulnerable ECDSA signatures with NIST-standardized ML-DSA, completing the full flow of wallet creation, transaction signing, and signature verification.

Report Highlights

According to Delphi Digital's analysis, key aspects of BTQ's Bitcoin Quantum initiative include:

• Addressing an accelerating quantum threat: The report frames quantum computing as an imminent, not hypothetical, risk to ECDSA-secured systems, citing the potential for Shor's algorithm to recover private keys from exposed public keys and enable "harvest now, decrypt later" attacks against Bitcoin, Ethereum, exchanges, and DeFi infrastructure.
• A parallel, quantum-safe Bitcoin architecture: Bitcoin Quantum is described as a quantum-secure parallel network built on Bitcoin Core that enables rapid experimentation with NIST-standardized post-quantum signature schemes (including ML-DSA/Dilithium, Falcon, and SPHINCS+) and hybrid, threshold signing policies—without risking the stability of the Bitcoin mainnet.
• Migration playbooks for institutions: The report emphasizes BTQ's focus on UTXO migration rehearsals, fee and latency modeling, and hardware-wallet integration testing, giving exchanges, custodians, and asset managers a documented, repeatable procedure to migrate assets into quantum-safe address formats under real-world network conditions.
• Quantum-native consensus research: Delphi Digital highlights BTQ's work on quantum-native proof-of-work based on boson sampling and other quantum-advantaged primitives as a potential long-term path toward energy-efficient and quantum-resilient consensus mechanisms tied directly to physical quantum processes, rather than purely classical hash-based puzzles.
• Ecosystem-wide applicability: While focused on Bitcoin, the report notes that BTQ's architecture and migration tooling are directly relevant to Ethereum and stablecoin infrastructure, with BTQ's Quantum Secure Stablecoin Network (QSSN) cited as an example of how the same stack can be applied to protect high-value stablecoin rails that underpin modern DeFi.

Management Commentary

"Our mandate is to deploy quantum security for crypto today, not someday in the future," said Olivier Roussy Newton, CEO of BTQ Technologies. "Delphi Digital's deep-dive underscores what we have been building toward with Bitcoin Quantum: a production-grade, quantum-safe Bitcoin environment where institutions can rehearse their migration strategies, benchmark post-quantum signatures under real fee and latency pressure, and ultimately protect trillions of dollars in digital value from quantum attacks. Quantum computing has shifted from a niche academic topic to a fiduciary risk that boards, regulators, and asset managers can no longer ignore. By combining NIST-standardized post-quantum cryptography with a live Bitcoin-compatible network, BTQ is helping the ecosystem move quantum risk from an uninsurable black-swan event to a measurable, manageable operational cost."

Strategic Significance for BTQ

Delphi Digital's report reinforces BTQ's position as a pioneer in quantum-safe crypto infrastructure and supports the Company's broader strategy, which includes:

• Advancing Bitcoin Quantum from demonstration to testnet, enterprise pilots, and mainnet launch, with the goal of establishing a de facto reference implementation for quantum-safe Bitcoin.
• Expanding the use of BTQ's quantum-safe stack across stablecoins, exchanges, and custody providers, including through commercial initiatives such as the Quantum Secure Stablecoin Network (QSSN).
• Providing the data, tooling, and migration frameworks required for regulators, insurers, and institutional investors to define and validate "quantum readiness" standards for digital asset exposure.

The Delphi Digital report, "BTQ Technologies: Securing Crypto's Future Against the Quantum Threat," is available here: 
https://members.delphidigital.io/reports/btq-technologies-securing-cryptos-future-against-the-quantum-threat

About Delphi Digital

Delphi Digital is an independent digital asset research, data, and consulting firm providing in-depth, actionable insights to leading investors, builders, and institutions across the crypto and macro landscape. Through its subscription research, advisory mandates, and venture initiatives, Delphi Digital helps market participants navigate structural shifts, evaluate new protocols, and identify long-term opportunities in digital assets. For more information, please visit https://delphidigital.io/

About BTQ

BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ | FSE: NG3 ) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.

Connect with BTQ: Website | LinkedIn | X/Twitter

ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman

Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.

The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE BTQ Technologies Corp.

FAQ

What did Delphi Digital say about BTQ (BTQ) on December 3, 2025?

Delphi Digital published a research report endorsing BTQ's Bitcoin Quantum initiative as a quantum-safe testbed and validated BTQ's technical approach.

What is Bitcoin Quantum Core 0.2 and how does it affect BTQ (BTQ)?

Bitcoin Quantum Core 0.2 demonstrated a quantum-safe Bitcoin implementation replacing ECDSA with NIST-standardized ML-DSA for wallet creation, signing, and verification.

How does BTQ (BTQ) plan to help institutions migrate assets to quantum-safe formats?

BTQ provides documented migration playbooks, UTXO migration rehearsals, fee and latency modeling, and hardware-wallet integration testing for institutions.

Will BTQ (BTQ) expand Bitcoin Quantum technology beyond Bitcoin?

The report says BTQ intends to extend its quantum-safe stack to stablecoins, exchanges, and custody, citing the Quantum Secure Stablecoin Network (QSSN).

Does the Delphi Digital report mention BTQ's research into quantum-native consensus for BTQ (BTQ)?

Yes; Delphi highlights BTQ's exploration of quantum-native proof-of-work using boson sampling and other quantum-advantaged primitives.

Where can investors read Delphi Digital's report on BTQ (BTQ)?

The Delphi Digital report titled "BTQ Technologies: Securing Crypto's Future Against the Quantum Threat" is available on Delphi Digital's member reports page.