📄 What This Document Is

This is a 6-K filing from BTQ Technologies, which is a report foreign companies submit to the SEC. It contains a news release from April 6, 2026, announcing their new research paper. Think of it as a formal way to tell the market, "Here's our important new finding."

👉 In simple terms: BTQ is publishing research to clarify a big debate about quantum computers and Bitcoin, and to show why their own technology is the right solution.

🏢 What BTQ Does

BTQ Technologies Corp. is a quantum technology company. They are building the tools and security for a future where quantum computers are common.

👉 In simple terms: They are like cybersecurity experts for the quantum age. Their main goal is to help upgrade today's internet and financial systems (like Bitcoin) so they can't be broken by future quantum computers. They trade on the Nasdaq (BTQ) and the Canadian CBOE (BTQ).

🔬 The Research Paper & Its Big Question

BTQ authored a new paper called "Kardashev Scale Quantum Computing for Bitcoin Mining." It tackles a popular fear: "Could quantum computers take over Bitcoin mining and break the system?"

The paper separates two very different quantum threats:

1. Attacking Bitcoin Mining: Using quantum computers to do the "work" in Proof-of-Work mining faster.
2. Attacking Bitcoin Signatures: Using quantum computers to forge digital signatures and steal coins from wallets.

👉 The key finding: Threat #1 (mining) is a dead end. Threat #2 (signatures) is the real and urgent problem.

⚡ Key Findings: Why Quantum Mining is a Dead End

The researchers did a full cost analysis and found quantum Bitcoin mining is physically and economically impossible with any realistic technology. The numbers are astronomical:

• Even in a best-case, simplified scenario: A quantum mining fleet would need ~100 million (10^8) physical qubits and 10,000 megawatts of power (like a large national grid).
• At Bitcoin's real mining difficulty (as of Jan 2025): The requirements jump to ~10^23 qubits and 10^25 watts. That's approaching the energy output of a star.

👉 The takeaway: The theoretical speedup from quantum algorithms (like Grover's) completely collapses when you account for real-world hardware, error correction, and energy costs. It's not a credible threat.

🛡️ The Real Threat & BTQ's Solution (Bitcoin Quantum)

Since quantum mining isn't practical, the paper argues the real near-term threat is to Bitcoin's digital signatures (using an algorithm called Shor's). A powerful enough quantum computer could forge signatures and empty wallets.

This is where BTQ's own work comes in. They are building "Bitcoin Quantum," a quantum-safe version of Bitcoin's architecture. They've already launched a testnet (a live testing environment) to show how Bitcoin can migrate to new, quantum-resistant cryptography standards.

🔮 BTQ's Long-Term Vision: Quantum Proof of Work (QPoW)

If you can't use quantum computers to mine Bitcoin better, what's the point of them in consensus? BTQ's answer: Build a new system designed for quantum computers from the ground up.

They call this Quantum Proof of Work (QPoW). Instead of trying to retro-fit quantum tech onto Bitcoin's old mining puzzle, QPoW uses computational tasks that quantum computers are naturally good at.

Modeled Performance Comparison:

• A classical (traditional) setup: Uses ~390 kWh of energy per block.
• A quantum sampler running QPoW: Uses ~0.25 kWh per block.
• The implication: A potential ~1,560x energy efficiency advantage for the quantum-native method, while still being verifiable by classical computers.

⚖️ Big Picture: Strengths & Risks

👍 Strengths:

• Clarifies the Debate: Their research provides hard numbers to dismiss the overblown "quantum mining" fear.
• Sharpens Strategic Focus: It validates BTQ's focus on post-quantum security (Bitcoin Quantum) and quantum-native design (QPoW).
• Thought Leadership: Positions BTQ as a technical authority shaping the future of digital money.

⚠️ Risks & Considerations:

• Technology is Early: The quantum computers needed for any of this (even the secure signature work) are still in development.
• Adoption Challenge: Upgrading a decentralized network like Bitcoin to new cryptography is a massive social and technical undertaking.
• Competition: The post-quantum cryptography space is active, with many players and standards bodies like NIST involved.

📞 Contact Information

For investor and media inquiries, BTQ lists the following:

• Investor Relations: +1.416.479.9547, [email protected]
• Media Contact: [email protected]

🧠 The Analogy

BTQ is like a car company for the future. This paper is their report stating, "We've tested it, and trying to use our advanced electric engines to make traditional gas-powered race cars faster is pointless—it would require a power plant sized for a city. Instead, we're building two things: 1) Universal adapters (Bitcoin Quantum) so old gas cars can use electric charging stations safely, and 2) New electric cars (QPoW) designed from the start to be incredibly efficient on the new power grid."

🧩 Final Takeaway

BTQ's research concludes that quantum computers won't threaten Bitcoin's mining, but they will threaten its security. This finding directly supports BTQ's two-pronged business strategy: developing quantum-safe upgrades for today's systems and designing new consensus models built for the quantum era.