Latest news with #JustinRosenberg
Hamilton Spectator
17 hours ago
- Business
- Hamilton Spectator
Blockmate expands treasury, acquires 1 more Bitcoin
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) ('Blockmate' or the 'Company') is pleased to announce the expansion of its Bitcoin treasury division through the acquisition of 1 Bitcoin, which takes Blockmate's treasury holding to 2 Bitcoin. The new 1 Bitcoin acquisition was funded from Blockmate's existing cash reserves and is now stored with secure wallet infrastructure that has been integrated with Blockmate's audited reporting. The treasury is aligned to 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. In scenarios where Bitcoin prices1 rise quickly, businesses like Blockmate's wholly-owned subsidiary Blockmate Mining could quickly increase profitability by gaining access to capital and rapidly upscaling. 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. 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 price2. In scenarios where investees can capitalize on high Bitcoin prices, Blockmate's treasury could provide finance options whereby Blockmate benefits from treasury appreciation and financing income. Justin Rosenberg, CEO of Blockmate Ventures, commented: 'As an incubator of venture projects specialising in the blockchain space, Blockmate is in a position to gain capital growth exposure to Bitcoin, while also building what could potentially be a significant capital facility. Coupled with the Blockmate team's strong track record in building blockchain businesses, Blockmate will be in a stronger position to identify, incubate, commercialize and scale up more innovative blockchain and Web 3 projects.' Blockmate maintains a strict investment mandate for all investees and has no immediate plans to use the to-be acquired Bitcoin for any specific project at current Bitcoin market prices. Subsequently, the Bitcoin will remain as an asset on Blockmate's balance sheet until such time arises or it is divested. Further potential Bitcoin and digital asset acquisitions will be reviewed periodically. 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. ________________ 1 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. 2 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.
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
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.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Blockmate Launches Bitcoin Mining Subsidiary With 200MW Capacity and ‘Mine-and-Hold' Strategy in Wyoming, USA
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) ('Blockmate' or the 'Company'), a Blockchain & Web3 venture builder focused on digital asset infrastructure, has launched its wholly owned subsidiary Blockmate Mining, a dedicated Bitcoin mining business with ambitions to become a major player in the North American market. The new entity will pursue a long-term 'mine-and-hold' strategy, accumulating Bitcoin on its balance sheet as it scales operations. Blockmate Mining has secured a site in Wyoming, USA, adjacent to a major power substation, with the potential to support up to 200 megawatts (MW) of mining capacity. The Company plans to roll out operations in phases, beginning with an initial 10MW deployment within the next 6 to 12 months and scaling up to 50MW, subject to capital availability. At full capacity (200MW), the site is estimated to produce approximately 200 Bitcoin per month, based on current network conditions and mining difficulty, which may vary over time. 'Blockmate Mining is a natural extension of our mission to deliver long-term value through real digital asset infrastructure,' said Justin Rosenberg, CEO of Blockmate Ventures. 'With our Wyoming site secured and investor interest already strong, we're positioned to build a highly scalable and capital-efficient mining operation. We're focused on both generating Bitcoin and maximizing its long-term value for shareholders.' The Wyoming site offers an electricity cost of just USD 3.3 cents per kilowatt-hour, among the most competitive rates in North America. The Company intends to hold a significant portion of mined Bitcoin on its balance sheet—seeking both capital appreciation and 7–15% annual yield through institutional-grade custody and yield-generating strategies such as staking or lending. In parallel, Blockmate is actively exploring capital raise opportunities, including traditional equity, strategic investor partnerships, and innovative tokenized financing models linked to future Bitcoin output (hashpower). The first funding milestone targets USD $15 million to activate the initial 10MW, with a follow-on $55 million to scale to 50MW. Over time, the Company plans to spin out Blockmate Mining as a separately listed entity, with NASDAQ as the preferred destination. 'We see a significant opportunity beyond Bitcoin,' added Domenic Carosa, Founder & Chairman of Blockmate Ventures. 'With rising global demand for compute infrastructure, our Wyoming site offers the flexibility to support both AI and HPC workloads alongside Bitcoin mining. Blockmate Mining is uniquely positioned to capitalize on both the digital asset and AI revolutions.' Blockmate Mining is already in early-stage discussions with strategic partners in the AI and data center space, exploring hybrid infrastructure models that fully leverage its land and power footprint. In parallel, Blockmate is actively exploring capital raise opportunities, including traditional equity and strategic investor partnerships. 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 the newly launched 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.
Yahoo
01-04-2025
- Business
- Yahoo
Blockmate Ventures Inc to Present at the AI & Technology Virtual Investor Conference April 3rd
Company invites individual and institutional investors, as well as advisors and analysts, to attend online at TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) ('Blockmate' or the 'Company'), today announced that Justin Rosenberg, CEO, will present live at the AI & Technology Virtual Investor Conference hosted by on April 3rd, 2025. DATE: April 3rd TIME: 3:30 – 4:00 pm ETLINK: REGISTER HEREAvailable for 1x1 meetings: April 7-8 This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at Recent Company Highlights Feb 10, 2025 – Animoca Brands announces that they led Hivello's pre-TGE investment round Feb 11, 2025 – Hivello's (HVLO) Token lists on and MEXC Dec 17, 2024 – Blockmate receives strategic investment from Tony G and co About Blockmate Ventures Ventures is a venture creator focusing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at and Sunified, digitising solar energy. The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: Blockmate welcomes investors to join the Company's mailing list for the latest updates and industry research by subscribing at About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS:Justin RosenbergCEOBlockmate Ventures Inc(580) 262-6130 justin@ Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@ in to access your portfolio
