Blockchain
BlockMint Signs Agreement to Acquire Clean Energy, Sustainable Cryptocurrency Mining Facility in Canada
- 3MW cryptocurrency mining facility to be powered by clean, sustainable low-cost hydropower.
- BlockMint will now be able to directly mine cryptocurrency and potentially offer other crypto miners a safe, low cost sustainable mining location outside China.
- Allows BlockMint to greatly expand its cryptomining capabilities in a green and sustainable manner.
Vancouver, British Columbia–(Newsfile Corp. – June 17, 2021) – BlockMint Technologies Inc. (TSXV: BKMT) (“BlockMint” or the “Company”) is pleased to announce that it has signed an agreement to acquire a facility for cryptocurrency mining located in Manitoba, Canada, which will be powered by clean, sustainable and low-cost hydropower. The facility is currently configured for approximately 3 MW of power to be sourced from Manitoba Hydro. Until recently, the facility operated as a bitcoin mining operation and is being sold to BlockMint without the bitcoin mining rigs. Power costs are highly competitive and there is potential to further expand available power beyond 3 MW. Following the proposed acquisition, BlockMint intends to install cryptocurreny mining hardware either directly purchased and/or through revenue share arrangements with one or more third parties.
BlockMint’s CEO, Nelson Ijih commented, “The potential acquisition of this mining facility represents a major milestone for BlockMint. It will allow us for the first time to directly mine cryptocurrencies. It also supports our commitment to the sustainable use of blockchain based applications which we first conveyed with the introduction of the carbon offset feature of our Minter cryptomining browser. We have been very deliberate in our search for an acceptable mining facility wanting to ensure that any cryptomining undertaken by the Company is done in an environmentally friendly and responsible manner. It is also timely given the increased scrutiny of cryptocurrency mining by Chinese authorities which is causing many miners to search for new locations outside China to place recently ordered hardware. This facility ticks all the boxes for miners searching for a new facility, i.e. low power costs, clean energy, favorable and safe jurisdiction, etc. It represents a new and exciting chapter for the Company.“
Under the terms of the agreement, the Company would pay CDN$900,000, comprised of CDN$350,000 payable in cash and the balance of CDN$550,000 payable in common shares of the Company (the “Shares”), for the facility. The price of the Shares to be issued to the vendor in settlement of the purchase price is to be calculated as the volume weighted average price of BlockMint’s common shares on the TSX Venture Exchange (“TSXV”) for the ten trading days immediately preceding the closing date of the transaction. Closing of the proposed acquisition is conditional upon approval by the TSXV, final due diligence and inspection of the facility and other closing conditions typical for the acquisition of an industrial facility. The Shares to be issued to the vendor upon closing of the transaction will be subject to a hold period expiring four months and a day after their date of issuance.
About BlockMint Technologies Inc.
BlockMint, through its wholly owned subsidiary, Blockmint (USA) Technologies Inc., develops distributed systems and networks that enable a more decentralized deployment of blockchain based applications such as cryptocurrency mining. The Company’s Minter browser allows users to use their spare computing power to mine cryptocurrencies to earn either: (i) carbon credits to help offset their carbon footprint; or (ii) fractional ownership in a NFT. The current version of Minter is for use on desktops and laptops with a Windows operating system and is available at getminter.com.
On behalf of
BLOCKMINT TECHNOLOGIES INC.
Nelson Ijih
Nelson Ijih, CEO
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the closing of the transaction to acquire the facility for cryptocurrency mining, purchase and installation of mining equipment in the facility, potential arrangements with third parties, power costs, and the business strategy and objectives of BlockMint. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. There is further no assurance that the Company will be successful in developing, commercializing or profitably operating its new business in the manner described. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
A Pivotal Moment for Blockchain’s Many Frontiers
Today’s briefing arrives at a crossroads in blockchain’s evolution. From AI-driven Layer-1 grant programs to gamified resets in Web3, from supply-chain trust revolutions to exchange-driven token incentives, and high-stakes regulatory leadership shifts, the industry is charting new territory on multiple fronts. As builders, investors, and policymakers navigate this shifting terrain, five stories stand out for their potential to reshape blockchain’s trajectory:
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Lightchain Protocol AI unveils a $150,000 developer grant program to onboard top builders in AI × blockchain.
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Blockchain gaming experiences its lowest engagement of 2025, signaling a sector reset toward sustainability.
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Norwegian Seafood Council research highlights blockchain’s trust-building power in global supply chains.
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MEXC Exchange announces the Einstein (EIN) listing on July 20, 2025, buoyed by a $50 million rewards event.
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Summer Mersinger, a US CFTC commissioner, is tapped as CEO of the Blockchain Association, marking a pivotal regulatory turn.
In this op-ed–style briefing, we’ll unpack each development, explore its implications for blockchain, cryptocurrency, Web3, DeFi, and NFTs, and assess how these narratives intersect to define today’s momentum.
1. Lightchain Protocol AI’s $150K Grant: Catalyzing Decentralized Intelligence
What happened: On May 15, 2025, Lightchain Protocol AI—a Layer-1 blockchain optimized for AI workloads—launched its Developer Grant & Ecosystem Incentive Program, pledging up to $150,000 in total funding to on-board teams building dApps, explorers, wallets, analytics dashboards, DeFi protocols, NFT platforms, and AI-powered modules on its network. Grants are milestone-based (up to $5,000 per milestone), accompanied by technical support, co-marketing, and ecosystem visibility. Source: Bitcoin News
Why it matters: Lightchain’s move underscores the growing fusion of AI and blockchain. By allocating resources to builders at the intersection of these technologies, the protocol signals that the next wave of innovation will hinge on intelligent smart contracts, federated learning coordination, and on-chain decision-making. For developers, this grant lowers barriers to entry and emphasizes sustainable, value-driven growth over token speculation.
> “We’re seeking impactful projects that align with Lightchain AI’s goal of bridging AI and blockchain—everything from AI prediction markets to compute marketplaces.” > — Lightchain Protocol AI Core Team
Implications:
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DeFi & NFTs: Expect AI-augmented lending protocols and NFT platforms with dynamic metadata driven by on-chain models.
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Ecosystem Growth: Lightchain’s aggressive grant strategy may spur competitors (e.g., Ethereum layer-2s) to bolster their own builder incentives.
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Governance & Sustainability: The milestone-based approach aligns funding with tangible progress, a model DeFi DAOs may increasingly adopt for resource allocation.
Source: Bitcoin News
2. Blockchain Gaming’s 2025 Low: A “Reset” Toward Quality
What happened: According to Crypto.news, blockchain gaming saw daily active wallets dip to 4.8 million in April 2025—a 10% month-over-month decline and the lowest point of the year for Web3 gaming. Share of the DApp ecosystem for gaming fell to 21%, now tied with DeFi, while AI projects surged to 16% of on-chain activity. Funding also plunged nearly 70% from March to $21 million in April, though Arbitrum Gaming Ventures deployed $10 million from its $200 million fund to support titles like Wildcard, XAI Network, and Proof of Play. Source: Crypto.news
> “Capital is harder to secure, but that’s not necessarily bad. Weak projects are falling away, and funds are flowing into builders laying the groundwork for the next generation of blockchain games.” > — Sara Gherghelas, DappRadar Analyst
Why it matters: The downturn reflects a market recalibration from token-centric models toward user engagement, game mechanics, and interoperability—key for mainstream adoption. High-profile missteps (e.g., Square Enix shelving Symbiogenesis, Sega’s experimental launch of KAI: Battle of Three Kingdoms) contrast with enduring partnerships like Ubisoft + Immutable’s Might & Magic card game.
Implications:
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DeFi and Gaming Convergence: As DeFi’s share remains steady, expect crossover innovations (e.g., on-chain staking integrated into gameplay).
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Investor Focus: Sustainable tokenomics over ‘yin-yang’ hype; capital will favor projects with robust retention metrics and revenue models.
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NFT Utility: Gaming’s reset may accelerate evolution of NFTs beyond collectibles into dynamic, utility-driven assets.
Source: Crypto.news
3. Deepening Trust in Seafood with Blockchain Transparency
What happened: Perishable News reported on May 15, 2025, that the Norwegian Seafood Council found 89% of consumers desire more information on seafood sourcing. Producers are piloting decentralized blockchain solutions to trace products “sea to shop floor,” sharing immutable data on species, harvest location, handling, and quality checks to reassure ethically conscious buyers. Source: Perishable News
Why it matters: While most blockchain discourse orbits finance and gaming, supply-chain applications represent a mass-market use case for Web3. Immutable provenance data combats fraud, illegal fishing, and mislabelling—an urgent concern as global seafood consumption climbs.
Implications:
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Consumer Engagement: Brands adopting on-chain traceability can premium-price products by verifying sustainability standards, fair labor practices, and environmental impact.
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DeFi Integration: Tokenized incentives could reward ethical producers or create staking mechanisms for supply-chain stakeholders.
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Broader Web3 Adoption: Success in seafood may catalyze blockchain tracking in agriculture, pharmaceuticals, and luxury goods.
Source: Perishable News
4. MEXC’s Einstein (EIN) Listing & $50 Million Rewards Event
What happened: PR Newswire announced on May 16, 2025, that MEXC, a leading global crypto exchange, will list the Einstein (EIN) token on July 20, 2025 (UTC). To celebrate, MEXC has launched a $50 million EIN rewards event, offering incentives through trading competitions, referral bonuses, staking pools, and community tasks. Source: PR Newswire
Why it matters: Large-scale rewards events can drive short-term volume spikes and social engagement, but they also test community loyalty and tokenomics viability. EIN’s positioning as a “science-minded” utility token in educational and research partnerships adds thematic depth to what might otherwise be a routine exchange listing.
Implications:
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Trading & Community Growth: Expect surges in trading volume, potentially setting new ATHs for MEXC’s platform metrics.
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DeFi Crossplay: EIN holders may see integration into DeFi protocols for governance, liquidity mining, and educational grants.
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Regulatory Watch: Large-scale token events continue to attract scrutiny over securities classifications and promotional compliance.
Source: PR Newswire
5. Summer Mersinger Becomes CEO of the Blockchain Association
What happened: Gadgets360 reported that on May 14, 2025, the Blockchain Association confirmed that Summer Mersinger, currently a commissioner at the US Commodity Futures Trading Commission (CFTC), will step down on May 30 and begin as the Association’s CEO on June 2. Mersinger has championed balanced, consumer-focused digital asset rules and will spearhead advocacy for fit-for-purpose legislation alongside US regulators. Source: Gadgets360
> “Summer’s knowledge of how elected officials think through complex questions will be vital as we await next steps on stablecoin and market structure bills.” > — Blockchain Association
Why it matters: The appointment bridges regulatory expertise and industry advocacy at a moment when Congress is eyeing stablecoin frameworks and broader crypto oversight. Mersinger’s shift signals a blurring of lines between government and industry, with potential to accelerate law-making and foster public-private collaboration.
Implications:
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Policy Acceleration: Expect renewed momentum on stablecoin legislation, DeFi disclosures, and market-structure rules by August 2025, per administration timelines.
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Industry Confidence: Firms may feel emboldened to innovate under clearer regulatory signals, supporting growth in DeFi, NFT marketplaces, and tokenized asset offerings.
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Global Alignment: US-led regulatory frameworks often influence EU and APAC regimes—this leadership change could ripple through the international policy landscape.
Source: Gadgets360
Conclusion: Five Threads Weaving Tomorrow’s Blockchain Fabric
Today’s headlines paint a multifaceted portrait of blockchain’s ongoing maturation:
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Ecosystem Incentives: Grant programs like Lightchain’s signal a builder-first ethos, turbocharging AI × blockchain synergy.
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Quality Over Hype: Gaming’s dip reflects a necessary market reset, steering capital to sustainable, engagement-driven projects.
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Real-World Utility: Supply-chain transparency demonstrates blockchain’s power beyond finance, enhancing consumer trust.
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Tokenomics in Motion: Exchange listings and rewards events underscore the ever-evolving interplay between liquidity, community, and utility.
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Regulatory Convergence: Leadership moves like Mersinger’s appointment highlight the tightening feedback loop between policymakers and the Web3 sector.
As blockchain, cryptocurrency, Web3, DeFi, and NFTs continue to intersect, today’s developments underscore a pivotal shift: the industry is moving from speculative frontiers to pragmatic, real-world applications—backed by funding, governance, and policy frameworks that prioritize longevity and trust. Keep these threads in mind as we watch the next chapters unfold.
The post Blocks & Headlines: Today in Blockchain – May 16, 2025 appeared first on News, Events, Advertising Options.
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