Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) chairman Domenic Carosa talked with Proactive about the company’s entry into the Bitcoin mining space through a newly formed subsidiary.
Carosa explained that one of the most efficient ways to acquire Bitcoin is by mining it directly, often at nearly a 50% discount to the spot market price.
The company has secured land adjacent to a substation in Wyoming and plans to begin operations at 10 megawatts, with the potential to scale up to 200 megawatts.
Proactive: All right, welcome back inside our Proactive newsroom. Joining me now is Domenic Carosa. He is the chairman of Blockmate Ventures. And Domenic, it’s great to have you back again. How are you?
Domenic Carosa: Fantastic. And even better that we’ve made a big announcement in the Bitcoin mining space today.
Absolutely. Let’s talk all about it. So, this is going to be a new subsidiary of the company that you’re creating….
