Core Insights - Hivello has partnered with Naoris Protocol to become the world's first quantum-resistant DePIN earning platform, enhancing security against future quantum threats [1][5][6] - The platform allows users to earn passive income by sharing spare computing resources, such as CPU and GPU power [2][4] - Future plans include enabling users to purchase cloud-based GPU compute for AI and Bitcoin mining, making it accessible without technical knowledge or capital expenditure [9][10] Company Overview - Hivello is a DePIN aggregation app that enables users to generate passive income by sharing their computing resources [2][4] - The company has been operational for about 12 months and has integrated various DePIN networks [7] - Hivello's token is listed on major exchanges, indicating a growing interest and market presence [7] Security and Compliance - The partnership with Naoris Protocol is aimed at de-risking the value layer and enhancing security and compliance for Hivello [6] - The quantum-resistant feature is positioned as a proactive measure against potential future cyber threats [5][6] Market Reaction and Future Plans - Initial reactions to the announcement have been positive, with interest from investors and other companies in the space [8] - Upcoming developments include allowing users to access cloud infrastructure for GPU and Bitcoin mining, further expanding Hivello's offerings [9][10]

Core Insights - 01 Quantum Inc. and qLABS announced the launch of the first fully quantum-resistant ecosystem on Hyperliquid, utilizing the Quantum Crypto Wrapper (QCW) technology [1][4] - The QCW technology combines zero-knowledge proofs with 01 Quantum's NIST-approved IronCAP™ post-quantum cryptography, enhancing security against both classical and quantum attacks [2][5] - Hyperliquid's market capitalization is approximately US$15.5-16.5 billion, indicating a significant presence in the crypto market [2] Company Overview - 01 Quantum Inc. specializes in post-quantum cybersecurity and has developed the IronCAP™ product line, which is patent-protected in the U.S. and other countries [9] - qLABS is focused on creating blockchain solutions that are resilient to quantum computing threats, aiming to protect Web3 from future quantum risks [8] Technology Implementation - The QCW technology will secure all components of the Hyperliquid ecosystem, marking a significant milestone in the deployment of quantum-resistant solutions [2][4] - The first quantum-resistant token on Hyperliquid is designed to demonstrate the practical application of QCW technology, ensuring asset security at the protocol level [7] Future Outlook - The launch of the quantum-resistant token and protocol on Hyperliquid is targeted for the first quarter of 2026, indicating a strategic timeline for implementation [4] - The initiative addresses the risk of "harvest now, decrypt later" attacks, positioning Hyperliquid as a pioneer in quantum-resistant blockchain architecture [5]

Financial Data and Key Metrics Changes - For the first half of 2025, the company reported revenue of $4.8 million, consistent with the first half of 2024, reflecting a strategic transition period ahead of new product launches [18][19] - Gross profit was $1.6 million, with a gross profit margin increase of 15 percentage points from 19% in the previous year to 34% [19] - Cash reserves increased to $121 million as of June 30, 2025, up from $19 million at the same point last year and $85 million at the end of 2024 [20] Business Line Data and Key Metrics Changes - The company achieved significant progress in its product and technology milestones, including the Quasar program and the QVOL TPM, with initial revenues expected in 2026 [5][7] - The number of customers for TPM engagement more than doubled from 35 at the end of 2024 to 82 by mid-2025, indicating strong demand for the company's offerings [8] Market Data and Key Metrics Changes - The global embedded security chip market is projected to reach nearly $10 billion by 2028, with a scarcity of suppliers offering certified secure products, presenting a significant opportunity for the company [4] - The company is expanding its global footprint by opening a sales office in India and appointing distribution in Asia, Europe, and Turkey [9] Company Strategy and Development Direction - The company is focused on delivering quantum-resistant semiconductor solutions and secure digital infrastructure, positioning itself to capitalize on the growing demand for post-quantum technologies [3][4] - The acquisition of IC'ALPS has strengthened the company's ASIC capabilities, particularly in the medical, automobile, and IoT industries [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong momentum and financial resources, anticipating a critical year in 2026 for the quantum industry, particularly with regulatory frameworks favoring PQC adoption [22][23] - The company expects revenues for 2025 to be between $17.5 million and $20 million, representing a growth of 59% to 82% year-on-year [21][15] Other Important Information - The company has allocated $4.7 million for research and development in the first half of 2025, with a total budget of $7.2 million for the year, up from $5 million in the prior year [13][20] - The company is also investing in space technologies, deploying a secure quantum-ready satellite constellation, with plans to scale to 102 satellites by 2027 [11][12] Q&A Session Summary Question: Clarification on full-year R&D budget - The CFO clarified that the first half included a one-off expense for stock-based compensation under R&D, which would not repeat in the second half [27] Question: Annual R&D run rate estimate - The CFO estimated the underlying business R&D run rate to be around $500,000 to $550,000 per month after adjusting for the one-time expense [36] Question: Pipeline estimate process - The CFO explained that the pipeline estimate of $170 million includes identified opportunities evaluated with a low success percentage initially, moving through stages of qualification and design-in before reaching design win [39][40]