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Blockmate Ventrs - MATEF STOCK NEWS

Welcome to our dedicated page for Blockmate Ventrs news (Ticker: MATEF), a resource for investors and traders seeking the latest updates and insights on Blockmate Ventrs stock.

Blockmate Ventures Inc (MATEF) provides investors and technology enthusiasts with comprehensive updates on its ventures in blockchain infrastructure, artificial intelligence, and sustainable energy solutions. This dedicated news hub aggregates official announcements, strategic partnership details, and operational milestones from the company and its incubated projects like Hivello and Sunified.

Users gain access to verified updates including technology deployments, ecosystem expansions, and industry collaborations that shape the decentralized economy. The curated feed covers essential developments in decentralized physical infrastructure networks (DePIN), Web3 innovations, and renewable energy digitization initiatives.

Bookmark this page for real-time insights into MATEF's venture creation model and its portfolio companies. Check regularly for updates on node network advancements, AI integration projects, and strategic moves within the blockchain investment landscape.

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Blockmate Ventures Inc announced that its investee, Hivello Holdings, secured an additional USD $1.5 million, bringing the total raised to $2.5 million. The extended funding round attracted prominent new investors, including Blockchange, Cypher Capital, and Primal Capital. The post-money implied valuation of Blockmate's 67% stake is USD $6.7 million or 8.1 cents per Blockmate share. The funding will enable Hivello to expand its technological capabilities and strengthen its market position as a leader in DePIN services.
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Blockmate Ventures Inc (MATE) proudly announces the successful completion of a USD$1 million capital raise by its subsidiary, Hivello Holdings, with a pre-money valuation cap of USD$5 million. The post-money valuation of Blockmate's stake is estimated at USD$4 million (CAD 5.3 million). The raise attracted leading investors in the Decentralized Physical Infrastructure Networks (DePIN) sector, including NGC Ventures, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. Hivello aims to leverage underutilized computing power to create a DePIN network, providing internet users with a platform to generate passive income. The integration of up to 100 DePINs over the next 12 months is expected to mark a significant leap in the availability of decentralized services.
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Blockmate Ventures Inc (MATE) completes divestiture of Midpoint to management team, reducing annual net cash outflows by approximately $500,000. The divestiture allows the company to focus on higher growth technology investments and capitalize on blockchain and climate technology sectors.
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Blockmate Ventures Inc has published a replay of the special webinar briefing hosted by CEO Justin Rosenberg on November 1, 2023. The webinar discussed the strategic direction of Blockmate pending the approval of the acquisition of BESS Power Innovation Corp. BESS is a company specializing in lithium batteries. The replay and presentation slides are available on the Blockmate Investor Centre.
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Blockmate Ventures Inc announces webinar to discuss acquisition of BESS Power Innovation Corp. CEO's of both companies will provide a summary of the acquisition and immediate plans for the business. Incentive stock options of 8,050,000 granted to directors, officers, and consultants.
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Blockmate Ventures Inc (TSX.V: MATE) announces plans to acquire BESS Power Innovation Corporation, a company focused on the sales, distribution, and manufacturing of lithium batteries. BESS owns exclusive distribution rights to Blivex Energy Technology Co’s products for North and South America, providing faster delivery times. Blockmate will issue 20,000,000 common shares to the existing shareholders of BESS. Completion of the Transaction is expected by November 31, 2023.
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Blockmate Ventures Inc divests its Midpoint foreign exchange business, reducing net cash outflows by approximately $500,000 per annum. Focus shifts to blockchain, battery, and clean energy ventures. Pending approval from TSX Venture Exchange, settlement expected by October 31, 2023.
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Blockmate Ventures announces resignation of Chairman David Wong and appointment of Domenic Carosa as new Chairman.
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Blockmate Ventrs

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