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Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) has provided an update on several of its ongoing initiatives, highlighting progress on a potential AI infrastructure opportunity in Wyoming and developments at its investee company Hivello, alongside corporate updates.
The Toronto-based venture builder said it continues discussions regarding a proposed AI and digital infrastructure project tied to a Wyoming site with up to 200 megawatts of potential capacity. The company is engaging with a range of counterparties, including potential partners, hyperscalers and infrastructure groups.
While no binding agreements have been reached, Blockmate said demand for power and infrastructure assets remains strong as AI-related compute needs expand. It added that discussions are expected to take time due to the scale and complexity of the opportunity.
Blockmate also outlined progress at Hivello, in which it holds a significant stake. Hivello is shifting its focus from decentralized physical infrastructure network (DePIN) node aggregation toward Bitcoin-linked infrastructure products.
Its first planned offering in this strategy is a Bitcoin mining real-world asset (RWA) product, aimed at providing fractional exposure to ASIC-based mining without requiring users to own or operate hardware directly.
The product is currently in development and is targeted for launch in late second quarter 2026, subject to final integration and operational readiness. Initial payouts are expected to be made in Bitcoin to non-custodial wallets.
The HVLO token is expected to remain part of the ecosystem, with updated utility aligned to the new product direction. Blockmate noted that Hivello previously scaled to more than 50,000 nodes, which it believes supports its transition toward offerings tied more directly to measurable returns.
"This update is part of a broader reset in how we communicate with the market as the Blockmate portfolio becomes more complex and evolving,” Blockmate Ventures chairman Domenic Carosa said in a statement.
“Our investee businesses have been focused on execution and we believe it is important to re-engage shareholders and prospective partners with a clearer view of where we are heading.”
Additionally, Blockmate said it has relaunched its corporate website to better reflect its strategic focus across AI, Bitcoin and digital infrastructure, and to improve communication with investors.
“We continue to see compelling opportunities across both AI and Bitcoin-related infrastructure, while Hivello's planned Bitcoin mining RWA launch reflects the kind of product evolution we believe can unlock stronger, more measurable value over time,” Carosa concluded.
The company also announced it plans to extend the expiry date of 8.4 million share purchase warrants, exercisable at $0.075 per share, from June 15, 2026 to December 31, 2026. The warrants were originally issued as part of a non-brokered private placement. The extension remains subject to approval by the TSX Venture Exchange.
Blockmate added that 500,000 of the warrants are held by a company director, making that portion of the extension a related-party transaction under applicable regulations. However, it said the extension is exempt from formal valuation and minority shareholder approval requirements, as the value of those warrants does not exceed 25% of the company’s market capitalization.