Blockmate Ventures Expands Bitcoin Treasury and Mining Operations

Blockmate Ventures Inc. has announced a significant expansion of its Bitcoin treasury division with the acquisition of an additional Bitcoin, bringing its total holdings to three. This acquisition was funded from the company’s existing cash reserves, highlighting Blockmate’s strategic belief in Bitcoin as a vital asset for companies aiming to preserve value and manage risks. The company anticipates that as Bitcoin prices fluctuate, its subsidiaries could enhance profitability by leveraging their capital more effectively, particularly in a rapidly changing market.
In addition to its treasury expansion, Blockmate’s subsidiary, Blockmate Mining, is making strides towards launching its mining operations. The company has secured a site in Wyoming with a capacity of 200 MW, suitable for either AI or Bitcoin mining. Currently, negotiations are underway to secure low-cost power and infrastructure, as well as potential partnerships for the site. Furthermore, Blockmate is reviewing additional sites for future mining operations, with updates expected to be shared via the TSX Venture Exchange.
Meanwhile, Hivello, another venture under Blockmate, continues to lead in the decentralized physical infrastructure networks (DePIN) sector. The platform has made significant progress by listing its $HVLO token on the BingX exchange, enhancing its liquidity and fiat on-ramps. Hivello has integrated 11 DePIN protocols and has successfully removed over 19 million $HVLO tokens from circulation through a buy-and-burn strategy. With a growing user base and the ability to earn passive income, Hivello is well-positioned in a market that currently boasts a $14 billion cap, further solidifying Blockmate’s diverse portfolio in the blockchain and Web3 space.
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