Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) 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 effectively the groups that could potentially take over the facility once it is built.
We are also in the middle of a process with the local city regarding zoning and the rezoning of part of the land. The site covers approximately 100 acres in total, for those who have seen the presentation deck, and we are working to secure the appropriate zoning for it.
You have just been on an investor roadshow in Vancouver, and you are heading to Toronto next week. What questions are investors asking most, and what do you think they are still missing about the Blockmate story?
I think it is primarily an issue of exposure. Of the investors we spoke with in Vancouver a couple of weeks ago, not many had heard of Blockmate Ventures or what the company is doing in the sector.
The roadshow is therefore about getting the company's message and story out to the market. As we said earlier this year, we are making a significant commitment in 2026 to communicate the story more actively.
My view is that we did not do that as effectively as we should have in 2025. I think investors have already started to see significant progress in how we communicate with the market and in the company becoming more visible.
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