WASHINGTON, Nov. 12, 2025 /PRNewswire/ — EARTHDAY.ORG (EDO), the global organizer of the Earth Day movement—observed by more than one billion people each April 22—celebrates the European Union’s landmark decision to integrate climate education into school curricula from kindergarten through grade 12, as part of its 2025 Nationally Determined Contribution (NDC) to the Paris Agreement.

“The inclusion of climate education in the EU NDC is an important step toward equipping students with green skills and countering climate disinformation.  This progress has been made possible through the collective engagement of civil society organizations working in dialogue with public authorities, with EARTHDAY.ORG contributing as one of many committed partners in this process.” Katarzyna Wrona, Director at Department of Clean Air and Climate Negotiations, Ministry of Climate and Environment, Republic of Poland

The Danish Presidency formally submitted the European Union’s NDC to the United Nations Framework Convention on Climate Change (UNFCCC) on 5 November 2025. By officially incorporating climate education across its 27 member states, the EU joins more than 60 other countries that have adopted EARTHDAY.ORG–model language in their NDCs—helping to cement climate literacy as a global standard for climate action.

“The inclusion of climate education in the EU’s NDC is a significant victory for young people across Europe. Strengthening green skills in curricula will make young Europeans better prepared and more competitive in the green job market but also combat the rise of climate misinformation which is arising across Europe.

This achievement is the result of strong collaboration between governments, youth, and civil society. Our dear youth colleague from EARTHDAY.ORG has been an important advocate for advancing climate education at the EU level.” Sigurd Krabbe, Denmark’s Youth Delegate to the UN for Climate and Environment

This milestone marks the result of over a decade of bold EDO advocacy.

“As we navigate the climate emergency, quality climate education is as fundamental as teaching reading and writing. Teachers are determined to empower students for climate action and a just transition but we need policies that provide us with enabling conditions.  Through our Teach for the Planet campaign and together with EARTHDAY.ORG, we are advocating for governments everywhere to recognize and fund climate education as the essential adaptation measure and resource that it is.”
Dave Edwards, General Secretary, Education International

The World Bank’s Choosing Our Future: Education for Climate Action finds demand for “green skills” outpaces supply. The World Economic Forum reports job postings requiring at least one green skill rose 22.4% from 2022 to 2023.

“The green transition will create over 100 million new jobs globally in the next decade. To fill these roles, workers need green skills, and climate education teaches them. It’s non-negotiable for global economic growth and prosperity.” Kathleen Rogers, President, EARTHDAY.ORG.

“The transition to a green economy won’t happen without a workforce with the right skills, and demand for green skills continues to outpace supply. EARTHDAY.ORG‘s success in helping more than 150 countries include climate education in their updated NDCs is a major step forward.

This achievement aligns with insights from LinkedIn’s 2025 Global Green Skills Report: climate education doesn’t just tackle climate change—it connects people to jobs and economic opportunity. By prioritizing climate education, these nations are investing in both a sustainable future and an inclusive economy.” Efrem Bycer, Head of Workforce and Climate Policy Partnerships, LinkedIn

Last month, the Vatican endorsed climate education and integral ecology, highlighting EDO’s advocacy in Vatican News alongside the release of its updated NDC.

The EU and the Vatican are not alone — nations across the political and economic spectrum are now integrating climate education into their NDCs.

“It has been clearly recognized that this joint effort among countries would not have been possible without international organizations such as EARTHDAY.ORG and agencies such as the United Nations and UNEP. They are crucial because they provide support, financing, and initiatives that help countries move forward.” Minister Juan Carlos Castro Vargas, Minister of the Environment of Peru

COP30, currently underway in Belém, Brazil, provides an ideal forum to discuss financing so that every nation can scale climate education.

“The Kenya Climate Change Strategy mooted in 2021 aims at enhancing climate change knowledge, interpretation and its applications among learners, teachers, trainers and facilitators by 2030. The specific actions range from integration of climate curriculum at all levels, capacity building for teachers and trainers in climate change, and enhancing research and innovation in climate change. In this regard, Kenya is proud to have integrated climate education into the heart of our NDC 3.0. This decisive action, aligned with the global efforts of the Climate Education Coalition, Earth Day, and multilateral development banks, signals our commitment.

Now, our priority is to move from commitment to implementation. This requires concrete support from global climate finance. Investing in climate education is not just an expense; it is one of the most effective forms of adaptation—it means training new, aware, and prepared generations to face future challenges while ensuring a just and sustainable development path for all.” Hon. Julius Migos Ogamba, Cabinet Secretary for the Ministry of Education, Kenya

“We grew up learning about the great forests, oceans and rivers of the world but not how to care for them even though our lives are dependent on them. We didn’t learn that the industries that make us prosperous are responsible for greenhouse gas emissions and that we must use clean energy and clean tech to keep the planet livable. Thank you to the Governments supporting the climate curriculum – our children will know better.” Sharan Burrow, Vice Chair, European Climate Foundation, former General Secretary of the International Trade Union Confederation (ITUC) & former teacher

The EDO NDC CLIMATE EDUCATION TRACKER  is updated daily and serves as an important tool for monitoring the integration of climate education into national commitments. The schedule for our on-the-ground teams’ speaking events at COP30 can be found HERE.

About EARTHDAY.ORG: EARTHDAY.ORG’s mission is to diversify, educate, and activate the environmental movement worldwide. Since the first Earth Day in 1970, EARTHDAY.ORG has become the largest recruiter to the environmental movement, working with 150,000+ partners in over 190 countries. One billion people participate in Earth Day activities annually, making it the world’s largest civic observance. Visit www.earthday.org to learn more.

Media Inquiries/comment and for more information please contact: Sarah T  Davies – davies@earthday.org, +1 240 263 1341 (Washington D.C.) Terran Fielder – fielder@earthday.org, +1 661 444 4436 (Washington, D.C.)

Khing Oei appointed Chairman of the Board;
Will McEvoy appointed Chief Investment Officer and Member of the Board;
Cypherpunk Technologies Inc. announces acquisition of 203,775.27 ZEC.

CAMBRIDGE, Mass., Nov. 12, 2025 /PRNewswire/ — Leap Therapeutics, Inc. (Nasdaq: LPTX) today announced it will change its name to Cypherpunk Technologies Inc., and unveiled a digital asset treasury strategy to accumulate Zcash’s native coin, ZEC. Cypherpunk has to date used $50 million of proceeds from the previously announced private placement to purchase 203,775.27 ZEC at an average purchase price of $245.37 per ZEC.

In addition, the company also plans to change its ticker symbol to (Nasdaq: CYPH) as part of the rebranding under the Cypherpunk name. The company will begin trading under its new name and ticker symbol CYPH on Thursday, November 13. Until then, investors can continue to buy and sell the company’s stock under the current ticker symbol LPTX without interruption.

Cypherpunk also announced the appointment of Khing Oei and Will McEvoy to its Board of Directors, effective November 11, 2025. This strategic move comes as part of the Company’s recently completed $58.88 million private placement led by Winklevoss Capital to initiate a digital asset treasury strategy. Notably, Winklevoss Capital was the only institutional investor in the private placement, contributing a majority of the total raised.

“The recent weak performance of digital asset treasury companies stems from PIPEs dominated by short-term, mercenary capital. We’ve taken a different path by building a syndicate of value-aligned investors who believe in the long-term importance of Zcash and privacy for the United States and the world.” – Will McEvoy, Chief Investment Officer of Cypherpunk

Khing Oei has been appointed Chairman of the Board, while Will McEvoy will also serve as the company’s first-ever Chief Investment Officer, effective in each case as of November 11, 2025.  Concurrently with Mr. Oei’s appointment, Christopher Mirabelli, PhD, will step down from his role as Chairman, while remaining a member of the Board.

 “We are pleased to welcome Khing and Will to the Board of Directors, and to have Will serve as Chief Investment Officer as we advance our strategy to create long-term shareholder value through active participation in Zcash. Participant control and privacy, enabled by Zcash, are critical as financial transactions move increasingly to blockchain and tokenization. The rebranding and new leadership appointments mark a transformational step in expanding our mission as we enter a new phase of growth.” – Douglas E. Onsi, President and Chief Executive Officer of Cypherpunk

Why This Matters

Cypherpunk is a company dedicated to self-sovereignty. As the world becomes increasingly digitized, privacy has become a rare and vanishing resource. And despite their critical importance, privacy enhancing technologies remain under-adopted. Backing privacy today is both a generational mission and a massive opportunity. Privacy is the foundation that allows freedom of speech, thought, and association to thrive. Without it, these societal tentpoles may exist on paper but can’t be exercised meaningfully in practice. In other words, privacy is the silent precondition of freedom. Additionally, in a world where privacy is scarce, it becomes the most valuable commodity.

Why Zcash?

Zcash is one of the oldest and most respected privacy-preserving blockchains, launched in 2016 as a fork of Bitcoin with advanced cryptography that enables selective transparency. Built on the same sound monetary principles as Bitcoin, with a fixed 21 million coin supply, Zcash introduced a breakthrough in privacy technology through the use of zero-knowledge proofs (zk-SNARKs), allowing transactions to be verified without revealing sender, receiver, or amount. This innovation has since influenced the entire cryptographic landscape, inspiring privacy advancements across other blockchains like Ethereum and Solana.

Since its inception, Zcash has processed tens of millions of transactions and consistently ranked among the top privacy coins by market capitalization. Its underlying protocol continues to evolve with major upgrades — including Halo 2, a trustless recursive proof system that eliminates the need for trusted setup ceremonies and enhances scalability. Nearly a decade after launch, Zcash remains one of the few digital assets with the potential for both Bitcoin-level decentralization and cutting-edge privacy, offering real utility with private yet auditable digital transactions.

Cypherpunk Technologies Inc. sees Zcash as digital privacy in asset form, the same way Bitcoin has proven to be digital gold. Zcash also represents an important hedge against the transparency of Bitcoin and the existing financial infrastructure in an AI-abundant future.

New Board Members

• Khing Oei is a seasoned investor with a strong track record of investing in public, private and digital markets. Oei is the Founder and CEO of Treasury, an emerging euro-denominated Bitcoin treasury firm. Before Treasury, Oei was the Founder and CEO of Captur (formerly AlphaSwap), a decentralized asset management platform. He was previously the Founder and Chief Investment Officer of Eyck Capital, a London-based event-driven hedge fund focused on distressed and special situations across credit and equities, managing over $200 million in assets. Prior to that role, Oei was a Managing Principal and Portfolio Manager at Bardin Hill (formerly Halcyon), a $10 billion multi-strategy hedge fund where, as CEO of its European operations, he led European distressed investments and managed the firm’s $2.5 billion CLO platform. Oei began his career at Goldman Sachs in the Special Situations Group and later worked at Fortress Investment Group’s Drawbridge Special Opportunities Fund. He holds a MSc in Econometrics from The Vrije Universiteit Amsterdam.
• Will McEvoy is a Principal at Winklevoss Capital, where he invests and identifies opportunities on the frontier, from crypto and space to energy, bio, and defense. He focuses on companies and technologies that slow entropy and create order in critical civilizational domains. Before joining Winklevoss Capital, Will authored Bitcoin and crypto research at Fundstrat and helped build one of Dynasty Financial Partners’ highest-performing client platforms. He also serves on the board of Real Bedford FC and holds a degree from The George Washington University.

About Cypherpunk

Cypherpunk Technologies Inc., previously known as Leap Therapeutics, Inc., is a company developing novel therapies for patients with cancer and implementing a digital asset treasury strategy focused on Zcash. Following a $58.88 million private placement led by Winklevoss Capital, the Company is aiming to build long-term shareholder value by acquiring ZEC, participating in the development of Zcash, and continuing the development of sirexatamab and FL-501 to treat patients with cancer. For more information about the Company, visit our websites at http://www.cypherpunk.com and http://www.leaptx.com or view our public filings with the SEC that are available via EDGAR at http://www.sec.gov or via https://investors.leaptx.com/.

About Winklevoss Capital

Winklevoss Capital is an investment firm founded in 2012 by Cameron and Tyler Winklevoss that invests in frontier technologies.

Channels for Disclosure of Information
Going forward, we intend to announce material information to the public through filings with the Securities and Exchange Commission (SEC), the investor relations page on our website (URL), press releases, public conference calls, public webcasts, our X account (@cypherpunktech), and our LinkedIn page. The information disclosed in the foregoing channels could be deemed to be material information. As such, we encourage investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Any updates to the list of disclosure channels through which we will announce information will be posted on the investor relations page on our website.

Additional Information and Where to Find It

The Company has filed with the U.S. Securities and Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A (as may be supplemented or amended, the “Definitive Proxy Statement”) and a proxy card with respect to its solicitation of proxies for the Special Meeting of Stockholders to be held December 15, 2025 (the “Special Meeting”). The Definitive Proxy Statement contains important information about the matters to be voted on at the Special Meeting. STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY HAS FILED OR WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE MATTERS TO BE VOTED ON AT THE SPECIAL MEETING. Stockholders are able to obtain free copies of these documents, and other documents we file with the SEC through the website maintained by the SEC at www.sec.gov. Copies will also be available at no charge in the Investors section of our website at http://www.cypherpunk.com or http://www.leaptx.com.

Participant Information

The Company, its directors and certain of its executive officers are deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company’s stockholders in connection with the matters to be considered at the Special Meeting. Information about the compensation of our named executive officers and our non-employee directors as of the fiscal year ended December 31, 2024 is set forth in the sections titled “Executive Compensation” and “Compensation of Directors” in the Definitive Proxy Statement. Information regarding the participants’ holdings of Company securities can be found in the section titled “Security Ownership of Certain Beneficial Owners and Management” in the Definitive Proxy Statement.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Forward-looking statements address various matters including statements relating to ZEC or digital assets held or to be held by the Company, the expected future market, price and liquidity of ZEC or other digital assets the Company acquires, the macro and political conditions surrounding Zcash or digital assets, the Company’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other corporations in similar business strategies, technological and market trends, and future financial condition and performance. Risks and uncertainties of the digital asset treasury strategy include, among others: (a) the risk that the Company will fail to realize the anticipated benefits of the digital asset treasury strategy; (b) changes in business, market, financial, political and regulatory conditions; (c) risks relating to the Company’s operations and business, including the highly volatile nature of the price of cryptocurrencies, including ZEC; (d) the risk that the price of the Company’s Common Stock may be highly correlated to the price of ZEC or other digital assets that it holds; (e) risks related to increased competition in the industries in which the Company does and will operate; (f) risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; (g) risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; and (h) the ability to comply with the continued listing requirements of the Nasdaq Capital Market (“Nasdaq”). New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. The Company may not actually achieve the forecasts disclosed in such forward-looking statements, and you should not place undue reliance on such forward-looking statements. Such forward-looking statements are subject to a number of material risks and uncertainties including but not limited to those set forth under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K filed with the SEC, or as may be included in other reports or information we file with the SEC, as well as discussions of potential risks, uncertainties, and other important factors in its subsequent filings with the SEC. Any forward-looking statement speaks only as of the date on which it was made. Neither the Company, nor any of its affiliates, advisors or representatives, undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

CONTACT: 
Douglas E. Onsi
President & Chief Executive Officer
Cypherpunk Technologies Inc.
617-714-0360
donsi@leaptx.com

For Investors:
Matthew DeYoung
Investor Relations
Argot Partners
212-600-1902
leap@argotpartners.com

For Media:
Jacqueline Ortiz Ramsey
It Factor Strategies
954-294-3249
jacqueline@itfactorstrategies.com 

Rebellions Appoints Industry Veteran Marshall Choy as Chief Business Officer to Drive Global Expansion

SEOUL, South Korea, Nov. 12, 2025 /PRNewswire/ — Rebellions, Asia’s fastest-growing AI inference chip company, today announced the appointment of Marshall Choy as Chief Business Officer. An industry veteran based in Silicon Valley with more than two decades of experience in enterprise systems and AI, Choy will lead Rebellions’ newly established U.S entity and global business including go-to-market initiatives to accelerate commercialization and market adoption of its AI inference solutions.

Choy’s appointment to this new leadership role comes as Rebellions enters its next phase of global growth, expanding its presence in APAC, Middle East, and North America. He will lead organizations that are responsible for shaping strategic alliances and business models that connect Rebellions’ cutting-edge technology with the world’s growing demand for efficient and scalable AI infrastructure.

Choy brings over 20 years of experience and leadership in product strategy, go-to-market, and enterprise systems. At SambaNova Systems, he led global teams across product management, sales and marketing, most recently serving as Chief Customer Officer. Prior to SambaNova, he held senior leadership roles at Oracle and Sun Microsystems, including serving as Vice President of Systems Product Management and Solutions Engineering at Oracle, while he drove product and solutions strategy across hardware, software and cloud.

Additionally, Jennifer Glore has been appointed Executive Vice President of Product Management to lead alignment across Rebellions’ development teams and end users to drive delivery of customer-centric products and solutions. Glore has a proven track record of building high-performance teams and delivering customer-focused products and solutions across diverse and complex global markets.

As part of this expansion, Rebellions has officially opened its U.S. entity. The new entity will serve as the company’s North American hub, focusing on business development, strategic partnerships, and customer engagement. Choy will lead Rebellions’ initiatives in the U.S market to strengthen the company’s presence and build long-term customer relationships in the region.

“We are delighted to welcome Marshall Choy and Jennifer Glore to Rebellions as we take the next step in our global expansion,” said Sunghyun Park, CEO of Rebellions. “With our recent global funding success and partnerships with leading technology players, our Chief Business Officer, Marshall Choy’s deep expertise in AI infrastructure and business strategy will make a significant impact as we scale globally, particularly as we strengthen our presence in the U.S. market”

“I am honored and excited to join Rebellions at this critical time in the company’s growth, as they have become one of the most prominent AI innovators in the world,” said Marshall Choy, Chief Business Officer of Rebellions. “Rebellions’ strategic vision and thoughtful product philosophy deeply resonate with me, and I look forward to working with this winning team to expand its global presence to help shape the future of AI.”

About Rebellions

Rebellions is an AI semiconductor and software company powering the next generation of large-scale inference. Building on the proven mass production and deployment of its first-generation ATOM, Rebellions now delivers energy-efficient AI infrastructure at scale with its flagship REBEL-Quad, featuring chiplet architecture and massive HBM3E memory paired with a flexible software stack that enables ease of use, performance, and efficiency in serving open source frontier and reasoning models at data center scale. Strengthened by strategic support from leaders across the semiconductor and AI infrastructure value chain, Rebellions is positioned to scale globally.

Visit us on the Web at Rebellions.ai, follow us on LinkedIn, engage us on X
Press Contact: Jeongin Kim jeongin.kim@rebellions.ai 

Series C led by global consortium values company at $2 billion, accelerates product and customer expansion as demand grows for faster, more efficient data center inference

SANTA CLARA, Calif., Nov. 12, 2025 /PRNewswire/ — d-Matrix, the pioneer in generative AI inference compute for data centers, has closed $275 million in Series C funding, valuing the company at $2 billion and bringing the total raised to date to $450 million. The new capital will advance the company’s roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing, most efficient data center inference platform for hyperscale, enterprise, and sovereign customers.

The oversubscribed round attracted leading investment firms across Europe, North America, Asia, and the Middle East. The funding is co-led by a global consortium including BullhoundCapital, Triatomic Capital, and Temasek. The round also includes new participation from the Qatar Investment Authority (QIA) and EDBI, alongside follow-on participation from M12, Microsoft’s Venture Fund, as well as Nautilus Venture Partners, Industry Ventures, and Mirae Asset.

d-Matrix’s full-stack inference platform combines breakthrough compute-memory integration, high-speed networking, and inference-optimized software to deliver 10× faster performance, 3× lower cost, and 3–5× better energy efficiency than GPU-based systems. Solutions powered by d-Matrix’s Corsair™ inference accelerators, JetStream™ NICs and Aviator™ software can produce up to 30K tokens per second at 2ms per token on a Llama 70B model. The platform’s compute-dense design allows customers to run up to 100B-parameter models incredibly fast in a single rack.

This step-change in performance and efficiency directly addresses growing AI sustainability challenges. By enabling one data center to handle the workload of ten, d-Matrix offers a clear path to reducing global data center energy consumption while enabling enterprises to deliver cost-efficient, profitable AI services without compromise.

“From day one, d-Matrix has been uniquely focused on inference. When we started d-Matrix six years ago, training was seen as AI’s biggest challenge, but we knew that a new set of challenges would be coming soon,” said Sid Sheth, CEO and co-founder of d-Matrix. “We predicted that when trained models needed to run continuously at scale, the infrastructure wouldn’t be ready. We’ve spent the last six years building the solution: a fundamentally new architecture that enables AI to operate everywhere, all the time. This funding validates that vision as the industry enters the Age of AI Inference.”

Investor confidence reflects d-Matrix’s differentiated technology, rapid customer growth, and expanding network of global partners — including the recently announced d-Matrix SquadRack™ open standards-based reference architecture with Arista, Broadcom, and Supermicro. A strong product roadmap featuring 3D memory-stacking innovations and a customer-centric go-to-market strategy further establishes d-Matrix as a cornerstone of the new AI infrastructure stack.

Investor Voices
“As the AI industry’s focus shifts from training to large-scale inference, the winners will be those who anticipated this transition early and built for it,” said Per Roman, Founder of BullhoundCapital. “d-Matrix stands out not only for its technical depth but for its clear strategic vision. The team understood before anyone else that inference would define the economics of AI — and they’re executing brilliantly on that insight.”

“AI inference is becoming the dominant cost in production AI systems, and d-Matrix has cracked the code on delivering both performance and sustainable economics at scale,” said Jeff Huber, General Partner at Triatomic Capital. “Their digital in-memory compute architecture is purpose-built for low-latency, high-throughput inference workloads that matter most. With Sid, Sudeep, and their world-class team, plus an exceptional ecosystem of partners, d-Matrix is redefining what’s economically possible in AI infrastructure.”

“The explosion in AI inference demand shows us that efficiency and scalability can be key contributors to revenue capture and profitability for hyperscalers and AI factories,” said Michael Stewart, Managing Partner at M12, Microsoft’s Venture Fund. “d-Matrix is the first AI chip startup to address contemporary unit economics in LLM inference for models of a range of sizes that are growing the fastest, with differentiated elements in the in-memory product architecture that will sustain the TCO benefits with leading latency and throughput.”

Morgan Stanley served as the exclusive placement agent, and Wilson Sonsini Goodrich & Rosati served as legal counsel to d-Matrix.

Key Facts

• Founded: 2019 | HQ: Santa Clara, CA
• Global Offices: Toronto (Canada); Sydney (Australia); Bangalore (India); Belgrade (Serbia)
• Founders: Sid Sheth (CEO), Sudeep Bhoja (CTO)
• Core Products: Corsair inference accelerators, JetStream networking accelerators, Aviator software stack
• Employees: 250+ worldwide
• Series C Funding: $275 million | Total Funding: $450 million | Valuation: $2B

About d-Matrix
d-Matrix is pioneering accelerated computing for AI inference, breaking through the limits of latency, cost and energy. Its Corsair accelerators, JetStream networking, and Aviator software deliver fast, sustainable AI inference at data center scale.

The terms d-Matrix, JetStream, Corsair and Aviator are trademarks and/or registered trademarks of d-Matrix, Inc. in the U.S. and other countries. All rights reserved.

• IBM Quantum Nighthawk: processor built for quantum advantage will deliver circuits with 30 percent more complexity
• Together with partners, IBM contributes three experiments to open, community quantum advantage tracker, with results comparable to leading classical simulation methods
• New Qiskit capabilities show 24 percent increase in accuracy with dynamic circuits and decreased cost of extracting accurate results by over 100 times with HPC-powered error mitigation.
• IBM Quantum Loon demonstrates all hardware elements of fault-tolerant quantum computing
• Efficient quantum error correction decoding achieved with 10 times speedup over current leading approach¹ – completed one year ahead of schedule
• IBM doubles development speed with shift to 300mm wafer fabrication facility while boosting the physical complexity of quantum chips by 10 times for fault-tolerant error correction roadmap

YORKTOWN HEIGHTS, N.Y., Nov. 12, 2025 /PRNewswire/ — At the annual Quantum Developer Conference, IBM (NYSE: IBM) today unveiled fundamental progress on its path to delivering both quantum advantage by the end of 2026 and fault-tolerant quantum computing by 2029.

IBM researcher holding 300mm IBM Quantum Nighthawk wafer (Credit: IBM)

“There are many pillars to bringing truly useful quantum computing to the world,” said Jay Gambetta, Director of IBM Research and IBM Fellow. “We believe that IBM is the only company that is positioned to rapidly invent and scale quantum software, hardware, fabrication, and error correction to unlock transformative applications. We are thrilled to announce many of these milestones today.”

IBM Quantum Computers Built to Scale Advantage

IBM is unveiling IBM Quantum Nighthawk, its most advanced quantum processor yet and designed with an architecture to complement high-performing quantum software to deliver quantum advantage next year: the point at which a quantum computer can solve a problem better than all classical-only methods.

IBM Nighthawk is expected to be delivered to IBM users by the end of 2025, and will offer:

• 120 qubits linked together with 218 next-generation tunable couplers to their four nearest neighbors in a square lattice, an increase of over 20 percent more couplers compared to IBM Quantum Heron.
• This increased qubit connectivity will allow users to accurately execute circuits with 30 percent more complexity than on IBM’s previous processor while maintaining low error rates.
• This architecture will enable users to explore more computationally demanding problems that require up to 5,000 two-qubit gates, the fundamental entangling operations critical for quantum computation.

IBM expects future iterations of Nighthawk to deliver up to 7,500 gates by the end of 2026 and then up to 10,000 gates in 2027. By 2028, Nighthawk-based systems could support up to 15,000 two-qubit gates enabled by 1,000 or more connected qubits extended through long-range couplers first demonstrated on IBM experimental processors last year.

IBM anticipates that the first cases of verified quantum advantage will be confirmed by the wider community by the end of 2026. To encourage their rigorous validation and push forward the best quantum and classical approaches, IBM, Algorithmiq, researchers at the Flatiron Institute, and BlueQubit are contributing new results to an open, community-led quantum advantage tracker to systematically monitor and verify emerging demonstrations of advantage. 

Today, the community tracker supports three experiments for quantum advantage across observable estimation, variational problems, and problems with efficient classical verification. IBM encourages the community to contribute to the tracker and push a back-and-forth with the best classical methods.

“I’m proud that our team at Algorithmiq is leading one of the three projects in the new quantum advantage tracker. The model we designed explores regimes so complex that it challenges all state-of-the-art classical methods tested so far,” said Sabrina Maniscalco, CEO and co-founder, Algorithmiq. “We are seeing promising experimental results, and independent simulations from researchers at the Flatiron Institute validate its classical hardness. These are only the first steps – quantum advantage will take time to verify, and the tracker will let everyone follow that journey.”

“BlueQubit is proud to support IBM’s efforts to track quantum advantage claims and algorithms as quantum computers are entering a regime beyond classical,” said Hayk Tepanyan, CTO and co-founder, BlueQubit. “Through our work around peaked circuits, we are excited to help formalize instances where quantum computers are starting to outperform classical computers by orders of magnitude.” 

To pursue verified quantum advantage on breakthrough quantum hardware, developers need to be able to highly control their circuits and use high-performance classical computers (HPC) to mitigate the errors that arise in computation.

Qiskit is the world’s best-performing quantum software stack, developed by IBM. It is now giving developers more control than ever before by scaling dynamic circuit capabilities that deliver a 24 percent increase in accuracy at the scale of 100+ qubits. IBM is also extending Qiskit with a new execution model that enables fine grain control and a C-API, unlocking HPC-accelerated error mitigation capabilities that decreases the cost of extracting accurate results by more than 100 times.

As quantum computers mature, the global quantum community is expanding to HPC and scientific communities. IBM is delivering a C++ interface to Qiskit, powered by a C-API, to enable users to program quantum natively in existing HPC environments. IBM continues to lead the way in advanced circuit execution capabilities including dynamic circuits and increasing control over circuit execution for error mitigation.

By 2027, IBM plans to extend Qiskit with computational libraries in areas such as machine learning and optimization to better solve fundamental physical and chemistry challenges such as differential equations and Hamiltonian simulations.

IBM Delivers Building Blocks Towards Fault-Tolerant Quantum Computing

In a parallel path, IBM is rapidly delivering milestones towards building the world’s first large-scale, fault-tolerant quantum computer by 2029.

The company is announcing IBM Quantum Loon, its experimental processor that, for the first time, shows that IBM has demonstrated all the key processor components needed for fault-tolerant quantum computing. IBM Loon will validate a new architecture to implement and scale the components needed for practical, high-efficiency quantum error correction. IBM has already demonstrated the breakthrough features that will be incorporated into Loon, including the introduction of multiple high-quality, low-loss routing layers to provide pathways for longer, on-chip connections (or “c-couplers”) that go beyond nearest-neighbor couplers and physically link distant qubits together on the same chip, as well as technologies to reset qubits between computations.

Delivering on another key pillar of fault-tolerant quantum computing, IBM has proven it is possible to use classical computing hardware to accurately decode errors in real-time (less than 480 nanoseconds) using qLDPC codes. This engineering feat has been achieved a full year ahead of schedule. Together with Loon, this demonstrates the cornerstones needed to scale qLDPC codes on high-speed, high-fidelity superconducting qubits which form the core of IBM quantum computers.

IBM Scales Fabrication to 300mm Facilities to Accelerate Quantum Wafer Development

As IBM scales its quantum computers, it is announcing the primary fabrication of its quantum processor wafers is being undertaken at an advanced 300mm wafer fabrication facility at the Albany NanoTech Complex in New York.

State-of-the-art semiconductor tooling and always-on capabilities within this facility have already accelerated the speed at which IBM can learn from, improve, and expand the capabilities of its quantum processors; allowing the company to increase their qubit connectivity, density, and performance. To-date, IBM has been able to:

• Double the speed of its research and development efforts by cutting the time needed to build each new processor by at least half;
• Achieve a ten-fold increase in the physical complexity of its quantum chips; and,
• Enable multiple designs to be researched and explored in parallel.

1. As compared to recent approach here: https://arxiv.org/abs/2510.25213

About IBM
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.
For more information, visit https://research.ibm.com.

Media Contact:

Erin Angelini
IBM Communications
Edlehr@us.ibm.com

Chris Nay
IBM Communications
cnay@us.ibm.com

300mm cleanroom at the Albany NanoTech Complex in Albany, NY (Credit: IBM)

IBM researcher holds IBM Quantum Nighthawk chip (Credit: IBM)

IBM Quantum Loon chip (Credit: IBM)

IBM Corporation logo.