Business
Agreement for Texas bitcoin project
Bluebird Mining Ventures Ltd has entered into an agreement with Digital Carpenters to invest approximately US$2.3 million over three years in a 4.8MW bitcoin mining project in Texas, which is expected to deliver the company's first revenues in the coming weeks. This structured investment is designed to provide contracted and stable daily cash flows, with the company intending to recycle these cash flows within its treasury operations. This marks the first execution of Bluebird Mining Ventures' strategy to build a portfolio of gold and bitcoin-linked cash flow opportunities, offering rapid capital deployment into yielding assets and predictable near-term revenue generation. Disclaimer*
About this update from Bluebird Mining Ventures Ltd.
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. &nbs...
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