Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced the expansion of its Bitcoin treasury division and provided updates on its Bitcoin mining operations and Web3 ventures.
The company said it has acquired an additional Bitcoin using existing cash reserves, bringing its total holdings to three Bitcoin. Blockmate said that the treasury division aligns with its strategy to use Bitcoin as a treasury asset for value preservation and risk management.
The company’s wholly owned subsidiary, Blockmate Mining, continues to develop its “mine-and-hold” strategy to generate and retain Bitcoin, Blockmate said.
Blockmate reported that it has secured a 200-megawatt site in Wyoming suitable for artificial intelligence or Bitcoin mining and is in discussions to secure low-cost power and infrastructure. Negotiations are also underway with potential partners or acquirers, and additional sites are being reviewed.
Meanwhile, Blockmate’s investee Hivello reported progress in expanding its presence in the decentralized physical infrastructure networks (DePIN) sector. Recent milestones include the listing of the $HVLO token on the BingX exchange in October 2025, integration with Banxa for fiat on-ramps, and the addition of 11 DePIN protocols such as Theta Network and Spheron Network.
Hivello also conducted deflationary “buy and burn” events that permanently removed over 19 million $HVLO tokens from circulation in June and October 2025. The platform now has over 5,000 beta nodes and 195 million $HVLO staked, with staking yields reaching up to 88% annually, according to the company.
Blockmate highlighted industry data indicating that the DePIN sector has a market capitalization of approximately US$14 billion, encompassing more than 400 projects and 41 million active devices across 196 countries.
"Blockmate Mining and Hivello have made excellent progress through 2025 with the Blockmate Mining team deep in discussions which could lead to the quickfire startup of mining operations, a very exciting opportunity for Blockmate,” Blockmate Ventures CEO Justin Rosenberg said in a statement.
"As these ventures grow and reach stages where rapidly upscaling can deliver beneficial outcomes for stakeholders, the Bitcoin treasury provides flexibility to capitalize on profit opportunities while also providing Blockmate shareholders with direct exposure to digital asset capital growth."