Blockmate Ventures Launches Bitcoin Mining Subsidiary With 200MW Capacity and ‘Mine-and-Hold’ Strategy in Wyoming, USA

Blockmate Ventures (MATEF) has launched Blockmate Mining, a new Bitcoin mining subsidiary in Wyoming, USA. The company has secured a site with potential 200MW capacity

A subsidiary of Blockmate Ventures (TSX:MATE) (OTCQB: MATEF) has begun operations to mine Bitcoin in Wyoming, part of a broader digital infrastructure strategy that also includes exploring opportunities in AI and HPC.

Blockmate Ventures has launched Blockmate Mining, a wholly owned subsidiary focused on securing and scaling a Bitcoin mining site in a competitive energy market. The company has secured a site in Wyoming adjacent to a major power substation, permitting up to 200 megawatts (MW) of capacity.

The initial phase will see 10MW operational within 6-12 months, scaling up to 50MW subject to capital availability. At full capacity, the site is estimated to produce approximately 200 Bitcoin per month, though this varies with network difficulty.

The site offers one of the most competitive electricity rates in North America, at 3.3 cents per kilowatt-hour.

“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.

“We’ve secured an excellent site in Wyoming, investor interest is already strong, and 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.”

Blockmate plans to pursue a “mine-and-hold” strategy with a significant portion of mined Bitcoin being retained on the company’s balance sheet, aiming for 7–15% annual yield through institutional-grade custody and yield-generating strategies.

The company 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 is $15 million to fully activate the initial 10MW, followed by $55 million for 50MW.

Over time, Blockmate plans to spin out Blockmate Mining as a separately listed entity, with a goal of obtaining a NASDAQ listing.

“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 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.