Blockmate Ventures launches Blockmate Mining to build major bitcoin operation in North America

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6d ago 5:05

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Blockmate Ventures Chairman Domenic Carosa joined Steve Darling from Proactive to unveil a major strategic move: the launch of Blockmate Mining, a wholly owned subsidiary dedicated to Bitcoin mining. The newly formed entity aims to become a major force in the North American mining sector by executing a scalable, long-term “mine-and-hold” strategy designed to accumulate Bitcoin and maximize value for shareholders. Blockmate Mining has already secured a prime site in Wyoming, USA, strategically located next to a large power substation. This site has the potential to support up to 200 megawatts (MW) of mining infrastructure. The rollout will be phased, beginning with a 10MW deployment within the next 6 to 12 months, scaling to 50MW as funding becomes available, and ultimately targeting full build-out of the 200MW capacity. At full scale, the Wyoming site is estimated to generate approximately 200 Bitcoin per month, depending on global network conditions and mining difficulty. Importantly, the site offers highly competitive power costs—USD 3.3 cents per kilowatt-hour—positioning Blockmate Mining among the lowest-cost producers in North America. The company plans to retain a significant portion of mined Bitcoin on its balance sheet, banking on long-term capital appreciation. To further optimize returns, Blockmate intends to generate an annual yield of 7–15% on its holdings through institutional-grade custody solutions and strategies such as lending or staking, where available and appropriate. To support these ambitions, Blockmate is actively pursuing capital-raising initiatives. These include traditional equity funding, strategic partnerships, and innovative tokenized financing models tied to future Bitcoin production (hashpower). The initial capital raise target is USD $15 million to fund the 10MW launch, followed by $55 million to scale to 50MW. Longer term, the company aims to spin out Blockmate Mining as a publicly listed entity, with NASDAQ as the preferred listing destination—creating a clear path for investor access and broader market visibility. This launch marks a major milestone in Blockmate Ventures’ expansion strategy, reflecting its commitment to driving value through Bitcoin mining and digital infrastructure while maintaining alignment with shareholder interests in the rapidly evolving crypto economy. #Hivello #DePIN #Blockchain #Crypto #PassiveIncome #Web3 #Bitcoin #swarmnetwork #BlockmateVentures #DomenicCarosa #CryptoMining #BitcoinNews #AIInfrastructure #EnergyProjects #WyomingMining #ProactiveInvestors #DigitalAssets

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