[PsiQuantum Begins Construction of Million-Qubit Quantum Computer, States No Intention to Attack Bitcoin] According to Cointelegraph, PsiQuantum has begun construction of a fault-tolerant quantum computing facility in Chicago, targeting 1 million qubits and utilizing photonic quantum computing technology. The facility leverages mature semiconductor, fiber optic, and cooling technologies to achieve scalability. Construction is progressing rapidly, with 500 tons of steel structures erected within just a few days. The first phase is expected to be partially completed around 2027, with full operational goals set for around 2028. The computing power of this facility is 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 the company has no intention of using quantum computing to attack Bitcoin, and its scale is too large to operate secretly. Discussions about quantum threats have recently intensified, and the Bitcoin community is already considering a hard fork as a countermeasure. Currently, the world's largest quantum computer has only 6,100 qubits, far from reaching practical thresholds, posing limited short-term threats to Bitcoin.