As anticipation builds around a potential new bull market for Bitcoin, Dutch Bitcoin mining company Pantheon Mining has raised €1 million in seed funding to support its expansion. Known for providing “Mining-as-a-Service” to investors and financial institutions, Pantheon Mining aims to leverage this investment to scale its operations and strengthen its position in the Dutch Bitcoin industry.
Previously self-funded, Pantheon has shown consistent growth without external investment, expanding each quarter under its own power. With this new capital, the company plans to broaden its product offerings, enhance its technological infrastructure, and establish new mining centres in countries with access to affordable energy. These centres will be developed in line with Pantheon’s “Golden Triangle” strategy, focusing on infrastructure, regulatory stability, and access to sustainable, low-cost energy sources, such as solar and hydropower.
“Our clients receive personal guidance and expertise, allowing them to benefit from Bitcoin mining opportunities without having to worry about the pitfalls we have encountered ourselves,” says Pantheon CEO and founder Lodewyck Berghuijs. Having faced challenges in regions like China and Kazakhstan, Berghuijs and his team are well-prepared to help clients navigate the complexities of the industry with a boutique-style approach.
The funding round underscores investor confidence in Pantheon’s mission, as co-founder and COO Nick van Houtrijve shares: “This funding allows us to accelerate our growth and give more clients access to this smart way of investing in Bitcoin.”
In addition to expanding its service offerings, Pantheon will also use part of the investment to implement a “Bitcoin treasury strategy,” mirroring the approach taken by companies like MicroStrategy. This involves purchasing its own mining equipment and adding the mined Bitcoin to its balance sheet, a strategy Pantheon anticipates will become increasingly popular among businesses in the coming years.
Read the orginal article: https://www.eu-startups.com/2024/11/amsterdam-based-pantheon-mining-secures-e1-million-to-accelerate-bitcoin-mining/
