Northwire Canada EditionTuesday, August 25, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4705.90 +0.2% SILVER 68.81 +0.3% COPPER 6.70 +1.5% OIL 82.29 −3.2% PALLADIUM 1331.50 −2.3% OTMC 0.495 +11.2% OPW 0.125 +0.0% HI 0.160 +6.7% VCU 1.32 +0.8% DLTA 0.175 −5.4% EMO 0.400 −1.2% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.530 −3.6% AVL 9.62 +20.1% VCG 1.49 +8.8% TTS 2.41 −7.3% SCMI 1.90 +2.4% RIO 3.60 +5.7% PUMA 0.145 +11.5% TRR 0.360 +0.0% GOLD 4705.90 +0.2% SILVER 68.81 +0.3% COPPER 6.70 +1.5% OIL 82.29 −3.2% PALLADIUM 1331.50 −2.3% OTMC 0.495 +11.2% OPW 0.125 +0.0% HI 0.160 +6.7% VCU 1.32 +0.8% DLTA 0.175 −5.4% EMO 0.400 −1.2% GR 0.070 +0.0% MGG 0.395 +1.3% EVI 0.530 −3.6% AVL 9.62 +20.1% VCG 1.49 +8.8% TTS 2.41 −7.3% SCMI 1.90 +2.4% RIO 3.60 +5.7% PUMA 0.145 +11.5% TRR 0.360 +0.0%
Financings Routine −

Blockmate Announces $750,000 Private Placement to Advance Wyoming AI Data Centre Opportunity

Cash-Strapped Micro-Cap Raises $750K at Current Price to Fund Wyoming AI Data Centre Pilots Amid Going Concern Warnings

By The Northwire Desk — AI Analysis Jun 22, 2026 · 08:01 MATE · 0.06 Blockmate Ventures Inc.
Executive Summary
  • Blockmate Ventures announced a non-brokered private placement for gross proceeds of up to $750,000, with potential oversubscriptions bringing the total to $1,000,000.
  • The offering consists of up to 15,000,000 units priced at $0.05 per unit, each containing one common share and one warrant exercisable at $0.075 for 24 months.
  • Net proceeds are designated for advancing the Wyoming AI data centre opportunity (engineering, site planning, infrastructure diligence) and general working capital.
  • Initial commitments are secured from insiders and Gleneagle Securities. The transaction is classified as a related party transaction under MI 61-101, relying on exemptions from formal valuation and minority shareholder approval.
  • Securities carry a statutory hold period of four months plus one day. Closing is subject to TSX Venture Exchange approval.
Material Impact
  • The $750,000 raise is immaterial relative to the company's ~$9.1M market capitalization and $7.5M liability base.
  • Pricing at $0.05 aligns with the current trading range, indicating no premium and likely a slight discount to recent averages, which signals immediate dilution for existing shareholders.
  • Proceeds are strictly allocated to pre-revenue development activities (engineering, surveying, site planning) and working capital, rather than revenue-generating assets or debt reduction.
  • Given the explicit going-concern warning and $70,189 in cash on hand, this financing functions as a survival mechanism to extend operational runway rather than a strategic growth catalyst.
MATE · Price
Company Overview
  • Blockmate Ventures is a micro-cap holding company focused on AI infrastructure and Bitcoin mining ventures.
  • Core assets include a controlled Wyoming site (up to 200MW capacity) targeted for AI data centre development and Hivello Holdings, a DePIN platform pivoting toward Bitcoin mining Real World Asset (RWA) products.
  • The business model relies entirely on external equity financing, strategic partnerships, and token ecosystem growth rather than operational revenue or cash flow generation.
Read the original news release →

More from Blockmate Ventures Inc.

Jun 16, 2026 · 07:12

Blockmate Advances Wyoming USA AI Data Centre Opportunity

Production / Operations May 27, 2026 · 08:40

Blockmate Clarifies Liability Structure Amidst Wyoming AI Pivot as Stock Tests Historic Lows

Production / Operations May 05, 2026 · 07:31

Blockmate Ventures Warrants Extended as Stock Plummets 80% Despite Positive Operational Milestones

Production / Operations Dec 02, 2025 · 19:01

Blockmate investee Hivello to launch DePIN platform

M&A / Property Dec 02, 2025 · 08:31

Blockmate Investee Hivello to Launch the World's Leading Quantum-Resistant DePIN Earning Platform

M&A / Property Nov 05, 2025 · 17:28

Blockmate adds one bitcoin to treasury

Production / Operations