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Globe and Mail
31 minutes ago
- Globe and Mail
Blockmate Launches Bitcoin Treasury Division in Line with 'Mine-and-Hold' Strategy
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) ('Blockmate' or the 'Company') is pleased to announce the launch of a dedicated Bitcoin treasury division, further aligning its corporate strategy with a long-term belief in the value of Bitcoin. The division has already been established, with secure wallet infrastructure in place and an initial purchase of one Bitcoin completed. This initiative reflects Blockmate's conviction that Bitcoin will play an increasingly important role as a strategic treasury asset for companies focused on preserving value and managing risk. This development complements Blockmate's existing operations through its wholly owned subsidiary, Blockmate Mining, which is pursuing a 'mine-and-hold' strategy aimed at accumulating Bitcoin on its balance sheet as operations scale. As announced on May 27, 2025, Blockmate Mining has secured a site with electricity costs of just USD 3.3 cents per kilowatt-hour — among the most competitive rates in North America. Once fully developed, the facility is expected to support up to 200 megawatts (MW) of mining infrastructure. While Blockmate does not currently own mining hardware to fully utilize this capacity, this figure represents the long-term potential of the site. For illustrative purposes only, based on current Bitcoin prices and network difficulty, a fully utilized 200MW site could generate approximately 200 Bitcoin per month. Similarly, under current market conditions, the site could support Bitcoin mining at an estimated 40% discount to the prevailing spot price. These estimates are subject to change based on network conditions, hardware availability, electricity pricing, and the market price of Bitcoin. There is no assurance that these conditions will remain favorable or that Blockmate will be able to achieve these projections. Justin Rosenberg, CEO of Blockmate Ventures, commented: 'Holding Bitcoin on Blockmate's balance sheet provides capital growth opportunities for shareholders, as well as liquidity options should Blockmate Mining or future investees seek to take advantage of elevated Bitcoin market prices. These scenarios represent a win-win, enabling the Company to realize value through both operational success and treasury appreciation.' As the Bitcoin market continues to evolve and Blockmate Mining progresses, the Company will regularly assess further treasury purchases to enhance balance sheet agility in parallel with its mine-and-hold strategy. The price of Bitcoin is highly volatile and may decrease significantly over time. As a result, any holdings or treasury strategies involving Bitcoin are subject to market risk and could lead to financial loss. Planned Bitcoin acquisitions are currently under review and will be disclosed through the TSX Venture Exchange in due course. On July 10th, Blockmate provided an online investor update covering the strategic rationale and rollout of Blockmate Mining, which can be viewed here: About Blockmate Ventures Inc. Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company's portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond. To learn more, visit Blockmate welcomes investors to join the Company's mailing list for the latest updates, webinars and industry research by subscribing at ON BEHALF OF THE BOARD OF DIRECTORS Justin Rosenberg, CEO Blockmate Ventures Inc justin@ (+1-580-262-6130) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
CTV News
31 minutes ago
- CTV News
Supreme Court won't hear thumbs-up emoji case involving Saskatchewan farmer
In this file photo, emojis in the Snapchat app are shown in Toronto on Monday, March 7, 2016. THE CANADIAN PRESS/Staff OTTAWA — The Supreme Court of Canada has given a thumbs-down to hearing a legal case involving an emoji. The country's highest court dismissed an application by farmer Chris Achter to appeal a decision by the Court of Appeal of Saskatchewan. The Appeal Court upheld a verdict that found a thumbs-up emoji met signature requirements and was a legally binding agreement between Achter and Kent Mickleborough, a grain buyer with South West Terminal. In 2021, Mickleborough sent a text of a contract to Achter for a delivery of flax, and the farmer responded with a thumbs-up emoji. Achter didn't deliver the product, and the company took him to court for breaching the contract. The Supreme Court says costs are to be given to the grain company. This report by The Canadian Press was first published July 24, 2025. The Canadian Press
Globe and Mail
an hour ago
- Globe and Mail
WestJet and Kenya Airways announce new interline agreement expanding connectivity across Africa
CALGARY, AB , July 24, 2025 /CNW/ - WestJet today announced a new interline partnership agreement with Kenya Airways, significantly enhancing connectivity across both carriers' networks. The agreement allows WestJet guests to seamlessly travel to Nairobi , and beyond, with expanded access to 35 destinations across Africa , through the Canadian airline's extensive network of European and transborder connections. On the other side of the Atlantic, Kenya Airways guests benefit from single stop access to Calgary , Halifax , St. John's and Toronto , feeding into 69 North American destinations. "Our newest interline partnership with Kenya Airways is a continuation of our tireless commitment to more global connectivity throughout WestJet's network and beyond, unlocking new and enhanced access for WestJet guests to destinations across Africa ," said John Weatherill , WestJet Executive Vice-President and Chief Commercial Officer. "With the addition of new single-point access to Nairobi , WestJet is further leveraging its European and transborder connection points to offer convenient and affordable connectivity in service of business and leisure guests." Julius Thairu , Kenya Airways Chief Commercial & Customer Officer says, "We are excited about this interline partnership that allows us to provide our customers with more option for connectivity across the Atlantic and especially in Canada . Our goal of connecting Africa to the World and the World to Africa remains a key component of our mission of propelling the prosperity of Africa by connecting its people cultures and markets." With new single-point connection access via Paris , Amsterdam , London ( Gatwick ), London ( Heathrow ) and New York (JFK) to Nairobi , WestJet guests can now book a single ticket with a connected itinerary between WestJet and Kenya Airways' networks with single point check-in and through-checked bags. Bookings will be available through a travel agent or third-party ticket sales websites. About WestJet WestJet took to the skies in 1996 with just over 200 employees and three aircraft operating service to five destinations. Since then, WestJet has pioneered low-cost travel in Canada , cutting airfares in half, and increasing the flying population in Canada by more than 50 per cent. Following integration with Sunwing in 2025, more than 14,000 WestJetters support nearly 200 aircraft and connect guests to more than 100 destinations across North America , Central America , the Caribbean , Europe and Asia. As a major Canadian employer that includes WestJet Airlines, Sunwing Vacations Group and WestJet Cargo, the WestJet Group is Canada's leading low-cost airline and largest vacation provider, with a united purpose of providing affordable and accessible air and vacation travel to Canadians. Learn more about WestJet at (also available in French) Follow WestJet on Facebook at Follow WestJet on X at and Follow WestJet on Instagram at Subscribe to WestJet on YouTube at About Kenya Airways: Kenya Airways (KQ), The Pride of Africa, is a leading African carrier on a mission to propel Africa's prosperity by connecting its people, cultures, and markets. We fly to 45 destinations worldwide, 37 of which are in Africa , connecting over 5 million passengers and over 70,000 Tons of cargo annually through our Hub at Nairobi's Jomo Kenyatta International Airport. As the sole African carrier in the SkyTeam Alliance, we open up a world of possibilities for our customers, connecting them to over 1,060 destinations in 173 countries. We take pride in offering a delightful flying experience with a caring African touch. Our exceptional African hospitality has consistently earned us global recognition including the prestigious Skytrax World Airline Awards where we were honoured with the Best Airline Staff and Best Airline Cabin Crew in Africa in 2024. For more information, visit or call our 24-hour Customer Services Desk at +254 20 327 4747. We are also available on Twitter: @KenyaAirways & @KQSupport, Facebook: @OfficialKenyaAirways, and Instagram: @OfficialKenyaAirways.
