Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) earlier this week provided investors with an update on its Wyoming infrastructure strategy as the company advances plans to position itself within the rapidly expanding AI data center sector.
Speaking with Proactive, chairman Domenic Carosa said the company has secured land located directly opposite a Wyoming substation with access to as much as 200MW of potential power capacity. Carosa explained that while the site was initially intended for Bitcoin mining operations, Blockmate now sees a stronger long-term opportunity tied to artificial intelligence infrastructure.
Carosa said the growing demand for AI applications is driving a corresponding increase in demand for AI-focused data centers and power infrastructure. He noted that land positioned close to substations has become increasingly valuable because large-scale AI operations require substantial and reliable energy access.
According to Carosa, Blockmate has already begun discussions with several major hyperscalers and infrastructure groups regarding the Wyoming opportunity. Although specific counterparties were not identified, he indicated the company is engaging with globally recognized operators and strategic partners.
The chairman added that Blockmate is close to appointing an engineering firm to assist with expanding the zoning footprint and addressable area of the site. He suggested that successful rezoning and permitting efforts could materially improve the overall value of the property and increase development flexibility.
Carosa also revealed that the company plans to attend meetings in France with investors and potential development partners that have prior experience delivering AI infrastructure projects. He said those relationships could help accelerate Blockmate’s development timeline and broader strategic ambitions.
“Our view is that the better result for shareholders is to move that site into the AI space,” Carosa told Proactive.