Blockmate Ventures raises C$1M for Wyoming AI data center - ICYMI

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) chairman Domenic Carosa talked with Proactive about the company’s recently completed C$1 million capital raise and how the funds will support its Wyoming AI Data Center project.

Carosa said the capital would be used to advance work on the proposed facility. The company’s directors also participated in the financing, representing 29% of the capital invested in the announced raise.

He said the directors’ participation reflected the group’s belief in the project.

Proactive : Hello, you’re watching Proactive. I’m joined by Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) chairman Domenic Carosa. Dom, it’s very good to speak with you. You’ve raised C$1 million, well above target. How are you going to use the money, and why did the directors invest so heavily?

Domenic Carosa : Thanks for having me today. We have just completed a C$1 million raise. The capital will be used to further advance our Wyoming AI Data Center facility, which we are continuing to work on. The directors believe in the project, and we have all invested as well. The directors represent 29% of the capital invested in the financing announced today.

What is the latest on the Wyoming AI Data Center, and what are the key milestones investors should watch for next?

Our objective over the next six to 12 months is to reach what is called “shovel-ready” status. We are currently in discussions with a number of potential partners, including hyperscalers and neoclouds. These are ...