PsiQuantum has launched construction of a million-qubit computer and stated that it has no intention of attacking Bitcoin.

CoinFeed reported on March 6th that, according to Cointelegraph, PsiQuantum has begun construction on a fault-tolerant quantum computer facility in Chicago with a target capacity of 1 million qubits. Utilizing photonic quantum computing, it leverages mature semiconductor, fiber optic, and cooling technologies for scalability. Construction is progressing rapidly, with 500 tons of steel structure erected in just a few days. The first phase is expected to be partially completed around 2027, with the ultimate goal of operation around 2028. This facility will have the computing power equivalent to tens of billions of traditional computers, primarily serving next-generation AI supercomputing. The crypto community is currently focused on its potential ability to crack Bitcoin. PsiQuantum co-founder Terry Rudolph has explicitly stated that there are no intentions to use quantum computing to attack Bitcoin, and that the company is too large to operate in secrecy.