Btq Technologies Corp SEC Filings

BTQ Technologies Corp. provided a Q1 2026 corporate update highlighting progress across its four pillars: QCIM hardware acceleration, QPerfect neutral-atom software, Quantum Secure Systems & Networks (QSSN), and Bitcoin Quantum.

QCIM moved toward commercialization with key engineering hires, ongoing architecture work, and collaborations with ICTK and ITRI to support secure, crypto‑agile post‑quantum silicon. Pending completion of its acquisition, QPerfect advanced its MIMIQ, Digital Twin, and Quantum Logic Unit stack and prepared to launch TensorWeaver for on‑premises simulation.

QSSN reached commercial‑grade readiness and was selected as a core post‑quantum security component for South Korea’s first bank‑led KRW stablecoin pilot, successfully validating 1,477 transactions with a 100% success rate and settling more than 753,000 MCCX. Bitcoin Quantum scaled its testnet to more than 75 miners and 300,000 blocks and fully deployed BIP 360, positioning for a targeted mid‑2026 mainnet launch.

BTQ ended Q1 2026 with a cash balance of C$12,132,953 and noted that a base shelf prospectus remains in place. The company plans to host a shareholder call on May 19, 2026 at 12:00 p.m. Eastern Time to discuss Q1 2026 financial results and its broader corporate strategy.

BTQ Technologies Corp. provided a Q1 2026 corporate update highlighting progress across its four core pillars: QCIM hardware acceleration, QPerfect neutral-atom platforms (pending acquisition), Quantum Secure Systems & Networks (QSSN), and Bitcoin Quantum.

QSSN reached commercial-grade readiness and was selected as a core post-quantum security component for South Korea's first bank-led KRW stablecoin pilot, processing 1,477 production transactions with a 100% success rate and settling over 753,000 MCCX while creating more than 200 post-quantum wallets. Bitcoin Quantum advanced toward a targeted mid-2026 mainnet launch, with its testnet surpassing 75 miners, 300,000 blocks, and 150 contributors.

QCIM moved closer to productization with continued architecture work and collaborations with ICTK and ITRI, while QPerfect advanced its MIMIQ, Digital Twin, and Quantum Logic Unit stack ahead of the acquisition's completion. BTQ ended Q1 2026 with a cash balance of C$12,132,953 and maintained a base shelf prospectus to preserve capital-raising flexibility.

BTQ Technologies Corp. provided a Q1 2026 corporate update highlighting progress across its four core pillars: QCIM hardware acceleration, QPerfect neutral-atom platforms (pending acquisition), Quantum Secure Systems & Networks (QSSN), and Bitcoin Quantum.

QSSN reached commercial-grade readiness and was selected as a core post-quantum security component for South Korea's first bank-led KRW stablecoin pilot, processing 1,477 production transactions with a 100% success rate and settling over 753,000 MCCX while creating more than 200 post-quantum wallets. Bitcoin Quantum advanced toward a targeted mid-2026 mainnet launch, with its testnet surpassing 75 miners, 300,000 blocks, and 150 contributors.

QCIM moved closer to productization with continued architecture work and collaborations with ICTK and ITRI, while QPerfect advanced its MIMIQ, Digital Twin, and Quantum Logic Unit stack ahead of the acquisition's completion. BTQ ended Q1 2026 with a cash balance of C$12,132,953 and maintained a base shelf prospectus to preserve capital-raising flexibility.

BTQ Technologies Corp. reported a sharply higher net loss of $19.9 million for the quarter ended March 31, 2026, compared with $1.8 million a year earlier, driven mainly by $11.6 million of share-based compensation and increased R&D and marketing spending.

Quarterly revenue was $0, down from $250,000 in 2025. Cash fell to $12.1 million from $20.9 million at year-end, after $8.0 million was used in operating activities. The accumulated deficit reached $85.2 million, and management highlights material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern without substantial additional near-term financing.

BTQ Technologies Corp. reported a sharply higher net loss of $19.9 million for the quarter ended March 31, 2026, compared with $1.8 million a year earlier, driven mainly by $11.6 million of share-based compensation and increased R&D and marketing spending.

Quarterly revenue was $0, down from $250,000 in 2025. Cash fell to $12.1 million from $20.9 million at year-end, after $8.0 million was used in operating activities. The accumulated deficit reached $85.2 million, and management highlights material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern without substantial additional near-term financing.

BTQ Technologies Corp. announced that its Quantum Secure Stablecoin Settlement Network (QSSN) has been selected as the core post-quantum cryptography security infrastructure for South Korea's first bank-led Korean won stablecoin proof-of-concept with iM Bank and Finger Inc.

The initiative aims to validate bank-grade issuance and distribution of a KRW stablecoin, including real-time reconciliation between bank reserves and on-chain supply and a PQC-based dual-signature structure combining existing ECDSA with NIST-aligned algorithms such as ML-DSA. The project runs on the Kaia mainnet, connecting to blockchain ecosystems tied to Kakao and LINE in Korea and Japan.

BTQ is also providing strategic advisory and coordination across the partnership and positioning QSSN as a standards-oriented architecture aligned with frameworks such as the U.S. Post-Quantum Financial Infrastructure Framework and QuINSA. The company highlights growing concern over the “Harvest-Now, Decrypt-Later” risk as a driver for post-quantum migration in regulated financial infrastructure.

BTQ Technologies Corp. announced that its Quantum Secure Stablecoin Settlement Network (QSSN) has been selected as the core post-quantum cryptography security infrastructure for South Korea's first bank-led Korean won stablecoin proof-of-concept with iM Bank and Finger Inc.

The initiative aims to validate bank-grade issuance and distribution of a KRW stablecoin, including real-time reconciliation between bank reserves and on-chain supply and a PQC-based dual-signature structure combining existing ECDSA with NIST-aligned algorithms such as ML-DSA. The project runs on the Kaia mainnet, connecting to blockchain ecosystems tied to Kakao and LINE in Korea and Japan.

BTQ is also providing strategic advisory and coordination across the partnership and positioning QSSN as a standards-oriented architecture aligned with frameworks such as the U.S. Post-Quantum Financial Infrastructure Framework and QuINSA. The company highlights growing concern over the “Harvest-Now, Decrypt-Later” risk as a driver for post-quantum migration in regulated financial infrastructure.

BTQ Technologies Corp. files Amendment No. 1 to its Form 40-F to furnish previously omitted exhibits and XBRL exhibits and to add officer certifications and the auditor's consent. The amendment adds Exhibit 97.1 (Clawback Policy), Exhibits 101 and 104 (Inline XBRL), and Exhibits 99.4–99.8.

BTQ Technologies Corp. files Amendment No. 1 to its Form 40-F to furnish previously omitted exhibits and XBRL exhibits and to add officer certifications and the auditor's consent. The amendment adds Exhibit 97.1 (Clawback Policy), Exhibits 101 and 104 (Inline XBRL), and Exhibits 99.4–99.8.

BTQ Technologies Corp. Schedule 13G shows Olivier Roussy Newton beneficially owns 42,937,500 Common Shares as of September 30, 2025, based on 141,303,430 shares outstanding as of March 18, 2026. The filing states 42,917,500 shares are held directly and 20,000 shares are held by an independent family foundation the reporting person may be deemed to share beneficial ownership of, though the reporting person disclaims beneficial ownership of those 20,000 shares.

The filing reports voting and dispositive power: sole voting and dispositive power over 42,917,500 shares and shared voting and dispositive power over 20,000 shares, representing 30.4% of the class per the disclosed outstanding share count.

BTQ Technologies Corp. Schedule 13G shows Olivier Roussy Newton beneficially owns 42,937,500 Common Shares as of September 30, 2025, based on 141,303,430 shares outstanding as of March 18, 2026. The filing states 42,917,500 shares are held directly and 20,000 shares are held by an independent family foundation the reporting person may be deemed to share beneficial ownership of, though the reporting person disclaims beneficial ownership of those 20,000 shares.

The filing reports voting and dispositive power: sole voting and dispositive power over 42,917,500 shares and shared voting and dispositive power over 20,000 shares, representing 30.4% of the class per the disclosed outstanding share count.

BTQ Technologies Corp. appoints Dr. Gopikrishnan Muraleedharan as Head of Quantum Algorithm and Applications Research, moving a long-standing advisor into a full-time leadership role in its Sydney office. He will lead quantum algorithm research and help advance initiatives such as Quantum Proof-of-Work and one-shot signatures.

The company highlights Sydney as a strategic hub for Asia-Pacific operations, supported by an Australian government Industry Growth Program Advisory Service grant for commercialization of its Quantum Compute-In-Memory hardware. BTQ reports its 13-person QCIM engineering team is nearly complete, with 12 of 13 key roles filled and QCIM IP targeting key milestones in Q2 and Q3 2026.

BTQ has exercised its option to acquire QPerfect, a neutral-atom quantum computing company, with a €2 million equity injection completed, while full acquisition remains subject to regulatory approval. The collaboration includes work on neutral-atom hardware, quantum emulation, and the Quantum Logic Unit orchestration layer, alongside multiple new PhD-level hires and research publications in partnership with the University of Strasbourg.

BTQ Technologies Corp. appoints Dr. Gopikrishnan Muraleedharan as Head of Quantum Algorithm and Applications Research, moving a long-standing advisor into a full-time leadership role in its Sydney office. He will lead quantum algorithm research and help advance initiatives such as Quantum Proof-of-Work and one-shot signatures.

The company highlights Sydney as a strategic hub for Asia-Pacific operations, supported by an Australian government Industry Growth Program Advisory Service grant for commercialization of its Quantum Compute-In-Memory hardware. BTQ reports its 13-person QCIM engineering team is nearly complete, with 12 of 13 key roles filled and QCIM IP targeting key milestones in Q2 and Q3 2026.

BTQ has exercised its option to acquire QPerfect, a neutral-atom quantum computing company, with a €2 million equity injection completed, while full acquisition remains subject to regulatory approval. The collaboration includes work on neutral-atom hardware, quantum emulation, and the Quantum Logic Unit orchestration layer, alongside multiple new PhD-level hires and research publications in partnership with the University of Strasbourg.

BTQ Technologies Corp. filed a report highlighting new research on quantum error correction led by its Chief Quantum Officer, Dr. Gavin K. Brennen, in collaboration with Macquarie University and the University of Sheffield. The paper introduces what the authors describe as the first general theory of error correction for permutation-invariant codes, including efficient algorithms to correct any correctable error on such codes and simpler methods for certain erasure and deletion errors.

The company frames this work as strengthening its foundational research in quantum error correction, supporting more reliable and scalable quantum systems over time. BTQ links the research to its broader platform, including its QPerfect software and QLU fault-tolerant quantum control tools, as it pursues secure, scalable quantum and post-quantum technologies for mission-critical networks.

BTQ Technologies Corp. filed a report highlighting new research on quantum error correction led by its Chief Quantum Officer, Dr. Gavin K. Brennen, in collaboration with Macquarie University and the University of Sheffield. The paper introduces what the authors describe as the first general theory of error correction for permutation-invariant codes, including efficient algorithms to correct any correctable error on such codes and simpler methods for certain erasure and deletion errors.

The company frames this work as strengthening its foundational research in quantum error correction, supporting more reliable and scalable quantum systems over time. BTQ links the research to its broader platform, including its QPerfect software and QLU fault-tolerant quantum control tools, as it pursues secure, scalable quantum and post-quantum technologies for mission-critical networks.

BTQ Technologies Corp. filed a Form 6-K highlighting a new strategic collaboration with Daou Data Corp., a major Korean IT and payment infrastructure company. The partnership focuses on introducing hardware-based Korean post-quantum cryptography into Daou Data's payment gateway and value-added network systems to protect Korea's electronic payment infrastructure against future quantum-computing threats.

BTQ will provide post-quantum security architecture and hardware-rooted trust frameworks, while Daou Data explores deployment across its payment and enterprise systems, supported by Keypair's hardware security modules. The initiative builds on BTQ's broader Korean activities, including a previously announced US$15 million agreement with ICTK and QSSN deployments with Danal and Finger Inc., and aligns with global standards efforts around quantum-resilient digital infrastructure.

BTQ Technologies Corp. filed a Form 6-K highlighting a new strategic collaboration with Daou Data Corp., a major Korean IT and payment infrastructure company. The partnership focuses on introducing hardware-based Korean post-quantum cryptography into Daou Data's payment gateway and value-added network systems to protect Korea's electronic payment infrastructure against future quantum-computing threats.

BTQ will provide post-quantum security architecture and hardware-rooted trust frameworks, while Daou Data explores deployment across its payment and enterprise systems, supported by Keypair's hardware security modules. The initiative builds on BTQ's broader Korean activities, including a previously announced US$15 million agreement with ICTK and QSSN deployments with Danal and Finger Inc., and aligns with global standards efforts around quantum-resilient digital infrastructure.

BTQ Technologies Corp. published a research paper that calculates the physical and energy costs of using quantum computers to mine Bitcoin. The study finds that even favorable scenarios would require about 10^8 physical qubits and 10^4 megawatts of power, while real mainnet difficulty pushes requirements toward 10^23 qubits and 10^25 watts, near stellar energy scales. The work concludes that quantum-accelerated Bitcoin mining is not a credible near-term threat, whereas quantum attacks on elliptic-curve signatures are a much more urgent risk. This supports BTQ’s strategic focus on its Bitcoin Quantum post-quantum architecture and its Quantum Proof of Work (QPoW) concept, which is designed as a quantum-native, more energy-efficient consensus model.

BTQ Technologies Corp. published a research paper that calculates the physical and energy costs of using quantum computers to mine Bitcoin. The study finds that even favorable scenarios would require about 10^8 physical qubits and 10^4 megawatts of power, while real mainnet difficulty pushes requirements toward 10^23 qubits and 10^25 watts, near stellar energy scales. The work concludes that quantum-accelerated Bitcoin mining is not a credible near-term threat, whereas quantum attacks on elliptic-curve signatures are a much more urgent risk. This supports BTQ’s strategic focus on its Bitcoin Quantum post-quantum architecture and its Quantum Proof of Work (QPoW) concept, which is designed as a quantum-native, more energy-efficient consensus model.