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    <title>Quantum Ledger — Daily Signal</title>
    <link>https://quantumledger.report</link>
    <description>Investor-grade quantum computing news with sentiment scoring and valuation impact tagging.</description>
    <language>en-us</language>
    
    <item>
      <title><![CDATA[D-Wave Q1 Revenue Falls 81% on Lumpy Comp; Bookings Surge 1,994% to $33.4M]]></title>
      <link>https://www.businesswire.com/news/home/20260512684377/en/D-Wave-Reports-First-Quarter-2026-Results</link>
      <guid isPermaLink="false">n-2026-05-12-dwave-q1</guid>
      <pubDate>Tue, 12 May 2026 11:00:00 GMT</pubDate>
      <description><![CDATA[D-Wave reported Q1 2026 revenue of $2.9M, down 81% versus a one-time Q1 2025 system sale. The more meaningful number: bookings of $33.4M (+1,994% YoY) and RPO of $42.4M. QCaaS subscription revenue grew 2,015% YoY. Opex doubled post-Quantum Circuits acquisition.]]></description>
      <category>businesswire</category>
    </item>
    <item>
      <title><![CDATA[Rigetti Q1 Revenue +193% YoY to $4.4M; 108-Qubit Cepheus-1 Now Generally Available]]></title>
      <link>https://www.stocktitan.net/news/RGTI/rigetti-computing-reports-first-quarter-2026-financial-0ozmjy71iqbc.html</link>
      <guid isPermaLink="false">n-2026-05-11-rigetti-q1</guid>
      <pubDate>Mon, 11 May 2026 20:15:00 GMT</pubDate>
      <description><![CDATA[Rigetti reported Q1 2026 revenue of $4.4M, up 193% YoY but still tiny relative to its $6.8B market cap. The bigger product story: the 108-qubit Cepheus-1-108Q modular chiplet system reached general availability across AWS Braket, Azure Quantum, and qBraid in Q1.]]></description>
      <category>finnhub</category>
    </item>
    <item>
      <title><![CDATA[SkyWater Stockholders Approve $1.8B IonQ Merger; Close Expected Q2/Q3]]></title>
      <link>https://www.businesswire.com/news/home/20260508584062/en/SkyWater-Technology-Stockholders-Approve-Merger-Agreement-with-IonQ</link>
      <guid isPermaLink="false">n-2026-05-09-skywater-approval</guid>
      <pubDate>Sat, 09 May 2026 13:00:00 GMT</pubDate>
      <description><![CDATA[SkyWater stockholders approved IonQ's $1.8B cash-and-stock acquisition at a special meeting May 8 ($15 cash + $20 IonQ stock per share, 38% premium). The deal creates the only vertically integrated full-stack quantum platform with DoD Trusted Foundry access. FTC review reportedly ongoing.]]></description>
      <category>businesswire</category>
    </item>
    <item>
      <title><![CDATA[China Claims First Dual-Core Neutral-Atom Quantum Computer]]></title>
      <link>https://thequantuminsider.com/2026/05/08/china-claims-first-dual-core-neutral-atom-quantum-computer/</link>
      <guid isPermaLink="false">n-2026-05-08-china-dual-core</guid>
      <pubDate>Fri, 08 May 2026 14:00:00 GMT</pubDate>
      <description><![CDATA[A Chinese research team announced the first dual-core neutral-atom quantum computer, demonstrating two independent atom arrays operating in parallel. The result extends China's strong neutral-atom track record and tightens the global competitive gap with Atom Computing, QuEra, and Pasqal.]]></description>
      <category>quantum_insider</category>
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    <item>
      <title><![CDATA[Quantinuum Files S-1 Targeting $20B+ IPO Under Ticker QNT]]></title>
      <link>https://thenextweb.com/news/quantinuum-ipo-quantum-computing-honeywell</link>
      <guid isPermaLink="false">n-2026-05-08-quantinuum-s1</guid>
      <pubDate>Fri, 08 May 2026 09:00:00 GMT</pubDate>
      <description><![CDATA[Quantinuum publicly filed its S-1 for a Nasdaq listing on May 8, targeting up to $1.5B raised at a $20B+ valuation. The filing discloses 2025 revenue of $30.9M and a Q1 2026 net loss of $136.6M — a defining pricing event for the entire public quantum cohort.]]></description>
      <category>quantum_insider</category>
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    <item>
      <title><![CDATA[Quantum Motion Closes $160M Series C — Largest UK Quantum Round Ever]]></title>
      <link>https://thequantuminsider.com/2026/05/07/quantum-motion-160m-series-c-silicon-quantum-computing/</link>
      <guid isPermaLink="false">n-2026-05-07-quantum-motion-160m</guid>
      <pubDate>Thu, 07 May 2026 11:00:00 GMT</pubDate>
      <description><![CDATA[UK silicon spin-qubit specialist Quantum Motion closed a $160M Series C co-led by DCVC and Kembara, with British Business Bank investing £40M alongside Oxford Science Enterprises and Bosch Ventures. Largest UK quantum venture round to date; advanced to DARPA QBI Stage B in late 2025.]]></description>
      <category>quantum_insider</category>
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    <item>
      <title><![CDATA[IonQ Reports $64.7M Q1 Revenue, +755% YoY; Raises FY26 Guidance to $260-270M]]></title>
      <link>https://www.ionq.com/news/ionq-announces-first-quarter-2026-financial-results</link>
      <guid isPermaLink="false">n-2026-05-06-ionq-q1</guid>
      <pubDate>Wed, 06 May 2026 20:30:00 GMT</pubDate>
      <description><![CDATA[IonQ delivered Q1 2026 revenue of $64.7M, up 755% YoY, and raised full-year guidance from $225-245M to $260-270M. RPOs grew 554% to $470M. Adjusted EBITDA loss widened to $96.8M as the company integrates Lightsynq, Capella, and prepares to close the $1.8B SkyWater acquisition.]]></description>
      <category>finnhub</category>
    </item>
    <item>
      <title><![CDATA[IonQ Sells First 6th-Gen 256-Qubit Chip-Based System to University of Cambridge]]></title>
      <link>https://www.stocktitan.net/news/IONQ/ion-q-and-the-university-of-cambridge-announce-landmark-agreement-to-kdktcnpm76ic.html</link>
      <guid isPermaLink="false">n-2026-05-06-cambridge-ionq</guid>
      <pubDate>Wed, 06 May 2026 15:30:00 GMT</pubDate>
      <description><![CDATA[IonQ disclosed the landmark sale of its first 6th-generation chip-based 256-qubit system to the University of Cambridge, anchoring a secure quantum networking partnership. Architecturally significant: validates the chip-based scaling path beyond IonQ's legacy linear ion traps.]]></description>
      <category>stocktitan</category>
    </item>
    <item>
      <title><![CDATA[Quantinuum and BMW Expand Multi-Year Materials Science Partnership]]></title>
      <link>https://www.quantinuum.com/press-releases/quantinuum-and-bmw-group-expand-landmark-quantum-computing-collaboration-with-new-multi-year-partnership</link>
      <guid isPermaLink="false">n-2026-05-05-quantinuum-bmw</guid>
      <pubDate>Tue, 05 May 2026 10:00:00 GMT</pubDate>
      <description><![CDATA[Quantinuum and BMW expanded their 2021-vintage collaboration into a multi-year deal applying trapped-ion quantum systems to catalyst and EV battery research. BMW will use successive systems — Helios, Sol (2027), Apollo (2029) — for industrial chemistry simulation. Reinforces auto-OEM validation of quantum chemistry.]]></description>
      <category>quantinuum_press</category>
    </item>
    <item>
      <title><![CDATA[Harvard Researchers: Quantum Computing Advancing Faster Than Expected]]></title>
      <link>https://thequantuminsider.com/2026/05/04/harvard-researchers-quantum-computing-advancing-faster-than-expected/</link>
      <guid isPermaLink="false">n-2026-05-04-harvard-acceleration</guid>
      <pubDate>Mon, 04 May 2026 16:00:00 GMT</pubDate>
      <description><![CDATA[Harvard researchers co-publishing with QuEra and MIT collaborators released analysis arguing the scaling pace of neutral-atom QEC is exceeding industry forecasts, citing 2:1 physical-to-logical encoding rates demonstrated in April. Frames the cryptographic risk timeline as advancing.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[Xanadu Stock Plunges 67% Premarket on Filing to Register 294M Resale Shares]]></title>
      <link>https://thequantuminsider.com/2026/05/04/xanadu-stock-plunged-67-pre-market-after-filing-to-register-294-million-shares-for-resale/</link>
      <guid isPermaLink="false">n-2026-05-04-xanadu-resale</guid>
      <pubDate>Mon, 04 May 2026 10:00:00 GMT</pubDate>
      <description><![CDATA[Xanadu (XNDU) shares dropped 67% in premarket trading after the company filed to register 294 million resale shares — six weeks post-SPAC closing. The move highlights structural overhang for newly-public quantum names and may chill the Quantinuum and Pasqal IPO setups.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[IBM's Krishna Predicts First Real-World Quantum Advantage in 2026]]></title>
      <link>https://thequantuminsider.com/2026/04/30/ibms-krishna-predicts-first-real-world-quantum-advantage-in-2026/</link>
      <guid isPermaLink="false">n-2026-04-30-krishna-qa</guid>
      <pubDate>Thu, 30 Apr 2026 17:00:00 GMT</pubDate>
      <description><![CDATA[IBM CEO Arvind Krishna publicly forecast that IBM will demonstrate the first real-world quantum advantage during 2026, anchored on the Nighthawk 120-qubit processor running circuits with up to 7,500 gates in three 120-qubit modules. Sets investor expectation marker.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[IBM + MIT Launch Computing Research Lab Spanning AI and Quantum]]></title>
      <link>https://newsroom.ibm.com/2026-04-29-the-mit-ibm-computing-research-lab-launches</link>
      <guid isPermaLink="false">n-2026-04-29-mit-ibm-lab</guid>
      <pubDate>Wed, 29 Apr 2026 14:00:00 GMT</pubDate>
      <description><![CDATA[IBM and MIT formally launched the MIT-IBM Computing Research Lab, expanding their long-running AI collaboration to include quantum computing alongside foundational AI research. In support of IBM's 2029 fault-tolerant Starling target.]]></description>
      <category>ibm_newsroom</category>
    </item>
    <item>
      <title><![CDATA[Maryland FY27 Budget: $20M Toward IonQ HQ + "Capital of Quantum" Initiative]]></title>
      <link>https://thequantuminsider.com/2026/04/29/maryland-doubles-down-on-quantum-with-ionq-hq-funding-and-startup-infrastructure/</link>
      <guid isPermaLink="false">n-2026-04-29-md-ionq</guid>
      <pubDate>Wed, 29 Apr 2026 13:00:00 GMT</pubDate>
      <description><![CDATA[Maryland's FY2027 budget allocates $20M of a $50M commitment toward IonQ's new College Park headquarters, plus startup infrastructure. Part of the $1B "Capital of Quantum" initiative. IonQ to double Maryland workforce to 250+ over 5 years.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[Researchers Propose Quantum Supply Chain Early-Warning as China Tightens Rare Earths]]></title>
      <link>https://thequantuminsider.com/2026/04/27/scientists-propose-early-warning-system-for-quantum-supply-chain-as-china-tightens-minerals-grip/</link>
      <guid isPermaLink="false">n-2026-04-27-rare-earths</guid>
      <pubDate>Mon, 27 Apr 2026 09:00:00 GMT</pubDate>
      <description><![CDATA[Academic researchers published a framework for monitoring quantum supply chain choke-points after China imposed export licensing on gadolinium, samarium, terbium, dysprosium and other heavy rare earths used in quantum cryogenics and laser systems. Highlights geopolitical fragility of the upstream stack.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[QuEra/Harvard/MIT Simulate 2:1 Physical-to-Logical qLDPC Code]]></title>
      <link>https://www.networkworld.com/article/4165592/quera-claims-quantum-error-correction-breakthrough-with-2-to-1-qubit-ratio.html</link>
      <guid isPermaLink="false">n-2026-04-21-qera-qldpc</guid>
      <pubDate>Tue, 21 Apr 2026 15:00:00 GMT</pubDate>
      <description><![CDATA[QuEra, Harvard, and MIT published a result simulating high-rate qLDPC codes on neutral-atom hardware achieving roughly 2 physical qubits per logical qubit — a >25× improvement over surface-code ratios. If reproducible at scale, materially compresses the fault-tolerance timeline and cryptographic-break horizon.]]></description>
      <category>networkworld</category>
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    <item>
      <title><![CDATA[NVIDIA Launches "Ising" Open AI Models for Quantum Calibration; Quantum Stocks Rally]]></title>
      <link>https://nvidianews.nvidia.com/news/nvidia-launches-ising-the-worlds-first-open-ai-models-to-accelerate-the-path-to-useful-quantum-computers</link>
      <guid isPermaLink="false">n-2026-04-16-nvidia-ising</guid>
      <pubDate>Thu, 16 Apr 2026 13:00:00 GMT</pubDate>
      <description><![CDATA[NVIDIA released "Ising," the first family of open-source quantum AI models for QPU calibration and error-correction decoding (2.5× faster, 3× more accurate than traditional decoders). Quantum stocks rallied broadly; Xanadu spiked 54% on the news. Reinforces NVQLink as the de facto hybrid integration standard.]]></description>
      <category>nvidia</category>
    </item>
    <item>
      <title><![CDATA[IonQ to Acquire SkyWater for $1.8B, Becoming Only Vertically Integrated Quantum Player]]></title>
      <link>https://www.ionq.com/news/ionq-to-acquire-skywater-technology-creating-the-only-vertically-integrated-full-stack-quantum-platform-company</link>
      <guid isPermaLink="false">n-2026-04-15-ionq-skywater</guid>
      <pubDate>Wed, 15 Apr 2026 13:00:00 GMT</pubDate>
      <description><![CDATA[IonQ announced a $1.8B acquisition of SkyWater Technology, gaining the only US-soil Trusted Foundry serving the DoD. The deal creates the first full-stack quantum company combining ion-trap systems, photonic interconnects, and chip fabrication. Shareholder approval secured in May; closing expected Q2/Q3.]]></description>
      <category>reuters</category>
    </item>
    <item>
      <title><![CDATA[Terra Quantum Signs LOI for $3.25B SPAC Merger]]></title>
      <link>https://thequantuminsider.com/2026/04/09/terra-quantum-ag-to-go-public-in-3-25-billion-spac-deal/</link>
      <guid isPermaLink="false">n-2026-04-09-terra-quantum-spac</guid>
      <pubDate>Thu, 09 Apr 2026 10:00:00 GMT</pubDate>
      <description><![CDATA[Swiss Terra Quantum AG signed a non-binding LOI to go public via SPAC merger with Mountain Lake Acquisition Corp II at $3.25B valuation. Continues the SPAC-listing wave following Pasqal, Xanadu, IQM, and Infleqtion.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[Infleqtion (INFQ) Guides 2026 Revenue to $40M]]></title>
      <link>https://www.businesswire.com/news/home/20260408711212/en/Infleqtion-Announces-2026-Revenue-Guidance-of-$40-Million</link>
      <guid isPermaLink="false">n-2026-04-08-infleqtion-guidance</guid>
      <pubDate>Wed, 08 Apr 2026 11:30:00 GMT</pubDate>
      <description><![CDATA[Newly public Infleqtion (NYSE: INFQ) issued FY2026 revenue guidance of $40M, citing demand for quantum sensing and computing solutions. Sets a sector benchmark for neutral-atom commercialization following the SPAC merger close in January.]]></description>
      <category>businesswire</category>
    </item>
    <item>
      <title><![CDATA[Q-Factor Emerges From Stealth With $24M Seed Backed by Intel Capital]]></title>
      <link>https://thequantuminsider.com/2026/04/06/q-factor-emerges-from-stealth-with-24-million-and-backing-from-intel-capital/</link>
      <guid isPermaLink="false">n-2026-04-06-q-factor</guid>
      <pubDate>Mon, 06 Apr 2026 08:00:00 GMT</pubDate>
      <description><![CDATA[Israeli stealth-stage neutral-atom startup Q-Factor unveiled with $24M seed led by NFX and TPY Capital, with Intel Capital, Korea Investment Partners, and Deep33. Significant validation of neutral-atom as the leading next-gen modality.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[China Quantum Q1 2026 Funding (~CNY 2.2B) Nearly Matched All of 2025]]></title>
      <link>https://thequantuminsider.com/2026/04/06/chinas-quantum-sector-sees-investment-surge-as-larger-funding-rounds-return/</link>
      <guid isPermaLink="false">n-2026-04-06-china-quantum-funding</guid>
      <pubDate>Mon, 06 Apr 2026 07:00:00 GMT</pubDate>
      <description><![CDATA[Chinese quantum financing recorded ~CNY 11.2B cumulatively across 150 events, with Q1 2026 alone reaching ~CNY 2.2B — nearly matching full-year 2025. Backed by RMB 121.8B (~$17.5B) of state venture funding under the 15th Five-Year Plan.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[Google + Oratomic Preprints: AI-Accelerated Quantum Cracking Earlier Than Expected]]></title>
      <link>https://www.nature.com/articles/d41586-026-01054-1</link>
      <guid isPermaLink="false">n-2026-03-30-google-oratomic</guid>
      <pubDate>Mon, 30 Mar 2026 12:00:00 GMT</pubDate>
      <description><![CDATA[A Google white paper and an Oratomic preprint, posted independently on March 30, both argued AI-assisted Shor's-algorithm advances substantially compress the timeline to cryptographically relevant quantum computers. Nature followed with editorial coverage; cybersecurity community framed it as a PQC wake-up call.]]></description>
      <category>nature</category>
    </item>
    <item>
      <title><![CDATA[Rigetti Commits Up to $100M UK Investment Toward 1,000+ Qubit System]]></title>
      <link>https://investors.rigetti.com/news-releases/news-release-details/rigetti-computing-intends-invest-100-million-uk-accelerate</link>
      <guid isPermaLink="false">n-2026-03-27-rigetti-uk</guid>
      <pubDate>Fri, 27 Mar 2026 09:00:00 GMT</pubDate>
      <description><![CDATA[Rigetti announced intent to invest up to $100M in the UK — its first major non-US commitment — targeting deployment of a 1,000+ qubit superconducting system in 3-4 years. Aligns with the UK's £2B national quantum strategy and builds on Rigetti's existing 36-qubit system at NQCC.]]></description>
      <category>rigetti_ir</category>
    </item>
    <item>
      <title><![CDATA[Atom Computing × Cisco MoU on Distributed Neutral-Atom Quantum Networks]]></title>
      <link>https://www.prnewswire.com/news-releases/atom-computing-announces-strategic-collaboration-with-cisco-to-advance-scalable-networked-and-distributed-quantum-computing-302724501.html</link>
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      <pubDate>Thu, 26 Mar 2026 14:00:00 GMT</pubDate>
      <description><![CDATA[Atom Computing and Cisco signed an MoU to physically link neutral-atom QPUs via Cisco's quantum networking hardware/software stack and integrate Atom's hardware with Cisco's network-aware distributed-quantum compiler. Validates the "many small QPUs networked" architectural thesis.]]></description>
      <category>atom_pr</category>
    </item>
    <item>
      <title><![CDATA[Xanadu Closes SPAC Merger, Lists on Nasdaq/TSX as XNDU]]></title>
      <link>https://quantumcomputingreport.com/xanadu-to-list-on-nasdaq-and-tsx-following-shareholder-merger-approval/</link>
      <guid isPermaLink="false">n-2026-03-26-xanadu-listing</guid>
      <pubDate>Thu, 26 Mar 2026 13:30:00 GMT</pubDate>
      <description><![CDATA[Xanadu completed its merger with Crane Harbor Acquisition Corp on March 26, listing dual on Nasdaq and TSX under XNDU. Gross proceeds totaled $302M ($225M trust + $275M PIPE at $10/share). Combined market cap opened near $3.6B.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[DARPA Expands QBI With New Stage A "QBIT" Call]]></title>
      <link>https://www.darpa.mil/news/2026/qbi-stage-a-qbit</link>
      <guid isPermaLink="false">n-2026-03-11-darpa-qbit</guid>
      <pubDate>Wed, 11 Mar 2026 13:00:00 GMT</pubDate>
      <description><![CDATA[DARPA expanded its Quantum Benchmarking Initiative with a new Stage A "QBIT" call for organizations not yet funded by QBI, with abstracts due July 31 and full proposals due September 30. Signals continued government appetite for hardware-agnostic, milestone-gated R&D investment.]]></description>
      <category>darpa</category>
    </item>
    <item>
      <title><![CDATA[Quantinuum Demonstrates 94 Protected Logical Qubits at Beyond-Break-Even Fidelity]]></title>
      <link>https://thequantuminsider.com/2026/03/10/quantinuum-researchers-demonstrates-quantum-computations-with-dozens-of-protected-logical-qubits/</link>
      <guid isPermaLink="false">n-2026-03-10-quantinuum-94logical</guid>
      <pubDate>Tue, 10 Mar 2026 11:00:00 GMT</pubDate>
      <description><![CDATA[Quantinuum and academic collaborators demonstrated quantum computations using up to 94 protected logical qubits on a trapped-ion processor, reporting logical-gate error rates of ~1 in 10,000 — well below raw hardware error rates. First multi-dozen-logical-qubit beyond-break-even demonstration, a foundational fault-tolerance milestone.]]></description>
      <category>quantum_insider</category>
    </item>
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      <title><![CDATA[China's 15th Five-Year Plan Names Quantum an Industrial-Policy Priority]]></title>
      <link>https://thequantuminsider.com/2026/03/05/chinas-new-five-year-plan-specifically-targets-quantum-leadership-and-ai-expansion/</link>
      <guid isPermaLink="false">n-2026-03-05-china-fiveyear</guid>
      <pubDate>Thu, 05 Mar 2026 10:00:00 GMT</pubDate>
      <description><![CDATA[China's 15th Five-Year Plan (2026-2030) formally designated quantum technologies as an industrial-policy priority alongside semiconductors and AI, with $17.5B across three regional venture funds and a pivot from university grants toward commercial procurement and manufacturing subsidies. Materially reshapes the global competitive map.]]></description>
      <category>quantum_insider</category>
    </item>
    <item>
      <title><![CDATA[Pasqal to Go Public Via $2.6B SPAC with Bleichroeder Acquisition Corp II]]></title>
      <link>https://www.businesswire.com/news/home/20260304923225/en/Pasqal</link>
      <guid isPermaLink="false">n-2026-03-04-pasqal-spac</guid>
      <pubDate>Wed, 04 Mar 2026 08:00:00 GMT</pubDate>
      <description><![CDATA[Pasqal announced a SPAC merger at $2.0B pre-money / $2.6B pro forma, with €170M PIPE plus €170M convertible (~$370M total). The deal makes Pasqal the second public neutral-atom name after Xanadu and provides European LP exposure for US investors.]]></description>
      <category>businesswire</category>
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