Business
Strategic Streaming, Treasury and Asset Update
Bluebird Mining Ventures Ltd has reported generating its first revenues in April 2026 from its streaming and digital asset activities, with current estimated streaming and operating asset value at approximately US$508,870, including Bitcoin streams and hashrate contracts. The company's treasury assets, primarily Bitcoin and tokenised gold, have an estimated unaudited Net Asset Value of US$0.8 million as of May 12, 2026, bringing the combined estimated treasury and operating asset value to approximately US$1,306,888. Additionally, Bluebird Mining Ventures has entered a term sheet for a Bitcoin mining deployment arrangement with Cascadia Industries Ltd, aiming for a zero-capex and zero-opex structure for the company. Disclaimer*
About this update from Bluebird Mining Ventures Ltd.
15 May 2026 Bluebird Mining Ventures Ltd ("BMV" or the "Company") Strategic Streaming, Treasury and Asset Update Bluebird Mining Ventures Ltd (LSE: BMV), the gold streaming, mining and treasury company, is pleased to provide the following update regarding the continued execution of its streaming and treasury strategy, including operational progress across its streaming activities, treasury accumulation, and deployment of mining infrastructure. Streaming and Operating Business Update The Company continues to build its operating streaming business across Bitcoin and precious-metals-related cash flow opportunities. During April 2026, the Company generated its first revenues in its history through its developing streaming and digital asset activities, representing an important milestone in BMV's strategic transition toward cash-generative operating assets and treasury accumulation. The Company's current estimated streaming and operating asset value is approximately US$508,870, comprising existing Bitcoin streaming and hashrate-linked contracts. Asset Country Jurisdiction Value (USD) Digital Carpenters BTC Stream USA Texas $115,770 Cascadia BTC Stream* Canada British Columbia $317,569 Hashrate Contract #1 Confidential Confidential $26,129 Hashrate Contract #2 Confidential Confidential $25,097 Hashrate Contract #3 Confidential Confidential $24,305 Total Streaming & Operating Assets $508,870 The Company is aiming to deliver 20+% IRR at the portfolio level. Gold Streaming Strategy Update The Company continues to evaluate a number of gold streaming opportunities in partnership with Raptor Capital International Ltd, including the previously referenced Crawford Gold Project ("Crawford") opportunity. As those discussions progressed, the Company identified additional opportunities with materially lower development and execution risk profiles, including structures supported by existing production and operating cash flows. As a result, management has prioritised its capital allocation toward these lower-risk opportunities. The Board remains disciplined in its capital allocation approach and will prioritise transactions capable of delivering near and medium-term cash generation with reduced permitting, construction, and development exposure. While discussions regarding Crawford...
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