Blockmate agrees to buy $635,000 AI computing system, with revenue unguaranteed

Blockmate Ventures has signed a binding agreement to buy an approximately US$635,000 AI computing system, taking its first direct step into renting out AI capacity. But the purchase is not a promise of income: partner Scannit will run the hardware and sell its capacity without guaranteeing utilization, rental prices or revenue. Delivery is expected in early 2027.

Eight GPUs, with delivery still ahead

The October 27, 2026 agreement with Scannit covers Blockmate’s first NVIDIA B200 compute node—a system containing eight graphics processing units, or GPUs. The company describes the transaction as its entry into the AI neocloud market: owning specialized computing equipment and making its capacity available to AI developers and businesses through an operating partner.

The approximately US$635,000 price includes shipping, data-center setup, installation, network connectivity and onboarding. The purchase terms call for an initial deposit. Delivery is expected in the first quarter of 2027, subject to vendor timing and NVIDIA allocation. The company expects installation, testing and commercial availability about a week after delivery, if commissioning and operational readiness are complete.

Ownership without day-to-day operation

Blockmate will own the equipment, but Scannit will host, monitor, maintain and operate it at a U.S. data center. Scannit will also handle the commercial work, marketing capacity through GPU marketplaces, compute networks and direct customer contracts. That separates the investment in the hardware from the work of keeping it running and finding paying users.

The initial management term lasts 36 months from the date the system becomes operational, not from signing. Blockmate is to receive the majority of the system’s gross revenue. Scannit must use commercially reasonable efforts to maximize net revenue, but the agreement does not guarantee a level of business.

A payback estimate to test, not a return already earned

Founder and chairman Domenic Carosa says the initial capital investment has the potential to be recovered in approximately two years. That is management’s estimate, dependent on utilization, market pricing and operating costs—not a demonstrated result. Blockmate calls the first system a test deployment, intended to establish real operating data before it commits significantly more capital.

• Demand and pricing: customer interest, utilization and the rental rates the system can achieve.
• Operating performance: uptime, hosting expenses and power costs.
• Sales channels: how different routes to customers perform.

Any larger deployment depends on the first system’s performance, financing and market conditions. Blockmate may evaluate multi-node configurations and future NVIDIA hardware. Management expects the B200 equipment to have a useful operating life of more than five years, but its economic value will depend on technological change, rental rates, costs and continued customer demand.

The purchase is expected to use existing cash and debt financing. Blockmate is finalizing a proposed secured loan from Carosa Corporation B.V., which is controlled by its founder and chairman. The planned security covers the U.S. entity being established for the compute business, the equipment and its associated revenue stream until repayment.

If completed, the loan would be a related-party transaction. No Blockmate securities are to be issued under the proposal, and completion requires TSX Venture Exchange approval. Final loan terms remain to be agreed and disclosed, leaving the financing arrangement prospective even though the hardware purchase agreement is binding.