Agreement for Texas bitcoin project
Summary by AI BETAClose X
23 April 2026
Bluebird Mining Ventures Ltd
("BMV" or the "Company")
Agreement for Texas bitcoin project
Project expected to deliver first ever revenues for BMV
Bluebird Mining Ventures Ltd (LSE: BMV), the gold streaming and treasury company, is pleased to announce that it has entered into an agreement with Digital Carpenters, the data centre services and solutions provider, to invest in a 4.8MW bitcoin mining project located in Texas, USA (the "Texas Project").
Highlights:
· Completed initial investment into 4.8MW bitcoin mining project, establishing the commercial framework, with a planned total investment of c.US$2.3m over three years
· Structured to provide contracted and stable cash flows on a daily basis
· Expected to deliver the Company's first revenues in the coming weeks
Under the terms of the agreement, the initial investment has been completed and BMV has the option to invest approximately US$2.3m over a three-year period in the Texas Project. The Texas Project provides exposure to bitcoin-linked cash flows through a structured and contracted framework and is designed to generate consistent revenues from mining operations supported by established infrastructure.
The investment demonstrates the speed at which BMV can deploy capital and generate cash flows and returns. The Company intends that such cash flows will be recycled within its treasury operations to generate additional yield.
The Texas Project represents the first execution of the Company's strategy to build a portfolio of gold and bitcoin-linked cash flow opportunities through contracted exposure. The Board believes this approach offers rapid deployment of capital into yielding assets, predictable near-term revenue generation, exposure to Bitcoin, and the ability to reinvest cash flows for further returns.
Digital Carpenters provides end-to-end mining operations to help its partners grow their Bitcoin enterprises, delivering full-spectrum data centre operations from site feasibility and design to procurement, commissioning, and daily operations.
Capital from the fundraise announced on 15 April 2026 which is not deployed into the Texas Project is expected to be held in treasury as bitcoin or tether gold and then deployed into yield generating strategies in due course.
Sath Ganesarajah, Chief Executive Officer of BMV, said: "The agreement with Digital Carpenters is a landmark moment for BMV as we transition into a revenue generating business. It demonstrates both the strength of our pipeline and our ability to rapidly deploy capital into structured, near-term cash yielding opportunities. We believe this strategy positions BMV to deliver scalable and repeatable returns for shareholders."
For further information, please contact:
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Bluebird Mining Ventures Ltd |
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Sath Ganesarajah, Chief Executive Officer |
c/o +44 (0)20 4582 3500 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Anysia Virdi |
+44 (0)20 4582 3500 |
About Bluebird Mining Ventures Ltd
Bluebird Mining Ventures (LSE: BMV) is a gold streaming, mining and treasury company. The Company's mission is to build and manage a gold-backed treasury through streaming agreements, providing investors with exposure to physical gold without the operational risk of mining.
BMV focuses on streams from producing assets within the ore concentrate to bullion value chain. Its investments secure multi-year flows of gold that can be recycled into new transactions. This model enables scalable exposure to gold without capital expenditure, or execution risks.
Drawing on its heritage in gold, BMV combines the stability of physical bullion with the benefits of a scalable, disciplined business model. With a focus on prudent capital allocation and treasury management, BMV aims to deliver sustainable, long-term value for shareholders.
For more information, please visit: www.bmvbtc.com
About Digital Carpenters
Digital Carpenters operates the most power-dense data centre in the world. We specialize in designing and developing custom immersion cooling applications to meet the needs of your data centre, bitcoin mine or other high-powered computing application. We are currently focused on bringing these same technologies to disrupt the energy sector with a focus on methane recapture and self power generation for data centres.
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