Business
Board Appointment and Bitcoin Funding
Board Appointment and Bitcoin Funding.
About this update from Bluebird Mining Ventures Ltd.
[{"type":"text","content":"\n\nBluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining\n \n25 June 2025\n \nBluebird Mining Ventures Ltd\n('Bluebird' or 'the Company')\n \nBoard Appointment and Bitcoin Funding\n \nBluebird Mining Ventures Ltd., a pan Asian gold project development company, is pleased to announce the execution of a Heads of Terms for a strategic funding and governance agreement.\n \nHighlights:\n \n· Funding facility of £2 million with an immediate £1 million to facilitate the commencement of the Company's initial Bitcoin Treasury strategy purchase;\n· Loan enjoys a 0% interest with maturity date of 31 December 2026;\n· Board appointment with experienced and extensive digital assets background;\n· Expected appointment of a new CEO by the end of July 2025.\n \nThe Heads of Terms has been signed with an investment vehicle by its Director, Mr Sath Ganesarajah and provides for a funding facility of £2 million at 0% interest with maturity on the 31 December 2026. An initial drawdown of £1 million shall be made available upon execution of a Definitive Agreement where all the proceeds will be used to buy bitcoin. The funding shall be convertible at the investor's election at a price of 2p per Bluebird share.\n \nMr Sath Ganesarajah shall join the Board of Directors of Bluebird on 30 June 2025 as Non-Executive Chairman. His biography is set out below. \n \nSath Ganesarajah, 43, British\n \nSath is a seasoned entrepreneur and investor with deep expertise in crypto assets and institutional capital markets. He first bought Bitcoin in 2017 and has since advised several global hedge funds and institutional investors on crypto strategy, digital asset fund structuring, and large-scale infrastructure deployment-supporting mandates totaling over US$1 billion in Assets Under Management (AUM).\n \nHe is the founder and CEO of The BE Company, a clean energy and AI infrastructure business with operations in the UK, US, and Canada. Across multiple ventures, he has developed and operated over 50MW of digital infrastructure, including immersion-cooled compute and modular clean energy projects. Earlier in his career, Sath held senior trading and structuring roles at Morgan Stanley, Citi, and ...