Bluebird Mining Ventures (LSE:BMV, FRA:09D) shares surged 39% higher, to 0.26p, as it sketched out an ambitious next phase for its business, telling investors it is shifting from platform build-out to active capital deployment as it advances a pipeline spanning gold streaming, bitcoin infrastructure and treasury strategies.
The standout item is a proposed secured gold streaming deal over the Crawford Gold Project in Western Australia.
BMV said the transaction would involve a US$15 million investment for delivery of 6,265 ounces over roughly 24 months, with payback of about 11.5 months and an internal rate of return of around 130%.
The company said the project is a development-ready open-pit, free-dig gold mine using heap leach processing, with the investment structured with senior security, asset-level collateral and step-in rights.
It also detailed bitcoin-linked opportunities, including a 4.8MW mining project in Texas, a 3MW hydro-powered operation in British Columbia, an infrastructure operator in Pennsylvania and shorter-duration hashrate contracts.
Bluebird's digital asset treasury platform is now live, the company said, with custody, exchange connectivity and on-chain execution in place.
BMV said it is using bitcoin as its primary productive reserve, alongside Tether Gold and physical gold, and has already achieved indicative yields of about 4% on physical gold lending and about 20% on Tether Gold structured products.
Final results for the year ended 31 December 2025 are expected by the end of April.