Construction begins at quantum facility big enough to break Bitcoin

PsiQuantum co-founder Terry Rudolph said in July it has no plans to attack Bitcoin, even if its upcoming facility becomes powerful enough to break the blockchain’s cryptography.

The quantum computing company PsiQuantum is a step closer to its goal of building the world’s first useful quantum computer, breaking ground on the construction of a 1 million-qubit quantum facility, a size that scientists say is powerful enough to crack Bitcoin’s cryptography.

PsiQuantum co-founder Peter Shadbolt shared a photo of its Chicago site in a post to X on Thursday, saying that 500 tons of steel had been erected in six days, which will house the computer.

PsiQuantum said in September that it raised $1 billion to build the facility in collaboration with chip maker Nvidia, designed to house quantum computers capable of functioning even if they have errors.

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