Blockmate Ventures enters AI compute market with NVIDIA B200 GPU investment

we expect delivery early next quarter and within a week, we expect to have revenues uh flowing from getting it plugged in.

All right, welcome back inside our Proactive News room and joining me now is Dominic Carosa. He is the chairman of Blockmate Ventures. And Dominic, it's great to see you again. How are you?

Fantastic and uh thanks for having me on the program, Steve.

Yeah, so the company out with pretty significant news today about a binding agreement with a company called Scanit. We'll get to that in just a second, but let's talk about how you got here because that really is the is part of the story of where a block mate is heading.

Certainly. Uh Blockmate started off as a uh a venture creator, uh building companies in the AI space and with today's announcement, uh we've made a a decision to move into being a pure play AI infrastructure company.

Um and I can sort of talk about why, why we're doing that, but ultimately, there's significant opportunity in AI. Um more and more infrastructure is going to be needed around the world uh and it's basically a a model that 20 years before I I actually built the second largest virtual web hosting company in Australia. So, uh there are a lot of similarities between what I what we're doing now and what I did 20 years ago.

And this really puts you into the game now, this the this announcement today acquiring your first in Nvidia B200 AI compute nodes, uh entering neo clouds, like this really now puts you into that space that you want to get into.

Ab absolutely. And and what it means is we've now ordered uh the Nvidia B200 without getting sort of into into all the technical aspects of it. It's basically a server that allows uh companies out there to use it to basically do AI compute. Uh we expect delivery early next quarter and within a week, we expect to have revenues uh flowing from getting it plugged in. So it's a very quick turnaround uh for us and

maybe just to take a step back, you know, why is this important?

We know that AI is changing the world. More and more companies are starting to embrace AI and also being, you know, important, what's also important is uh the IP. You know, the confidential information and many companies are reluctant to use models, open AI, Claude, because a lot of the the content or IP there could be shared and it's not proprietary within the system and so um our view is more and more companies will be able to want to have a a slice of our server uh to do all of their own AI compute. That way it keeps their um information uh uh confidential just for them. No one else can actually see that information and and so that's the reason we're we're entering this space. It's a it's a significant growth area. It's global. Uh we've got a team with experience who's been there and done this before. Uh and and in my my view, this is a, you know, this is a a very very big opportunity for the company.

So Dominic, uh, today's announcement is that you've ordered the the unit. It's it's it'll be on its way eventually. Uh, tell me a little bit about uh what happens next because you're hoping to have this up and running in 2027. So, talk to me a bit about the timeline here.

Yeah, so Q1, uh we get the equipment, we install it. Uh we've we've set a week. It will take us about a week to start generating revenue. Um frankly, I expect that to be a little bit shorter, but let's give ourselves a a week to just basically, you know, burn in the tech and make sure that it's it's all working as it needs to. And then literally, as soon as we turn it on, we've already got customers.

So that the good thing here is we're buying it because we know we already have a bunch of customers who want to use it. And frankly, if we had the balance sheet right now, we'd buy another two or three or a dozen of of these particular units. But as we said in the announcement, we're going to crawl before we walk. We get the first one, we get the data, uh that gives us a kind of information that we need in order to be able to then uh you know, make that next investment.

Well, it sounds like exciting times ahead for sure, and busy ones as well. Dominic, thanks so much. really good. Uh congratulations on this. It's a it's a going to be a a very wild ride and we look forward to following the story as it continues.

Thank you, Steve.

All right, Dominic Carosa, the chairman of Blockmate Ventures.