Amsterdam-based Pantheon Mining, a provider of “Mining-as-a-Service” for investors and financial institutions, announced on Thursday, November 7, that it has secured €1M in a seed funding round.
The Dutch company will use the funds to accelerate its growth and invest in expanding its offerings and technological infrastructure.
Additionally, the company will allocate the funds to research and development, as well as establish new mining centers in multiple countries where it has access to affordable energy.
The Dutch company uses a “Golden Triangle” strategy to choose Bitcoin mining locations, focusing on three key factors:
- Strong Infrastructure: Reliable connectivity and logistics for efficient mining.
- Stable Government and Supportive Regulations: Countries with a stable political climate and favourable crypto laws.
- Affordable, Renewable Energy: Access to cheap energy sources like solar or hydropower for cost-effectiveness and sustainability.
Pantheon will also use part of the investment to purchase its own miners and put the ‘found’ Bitcoin onto its balance sheet.
Co-founder and COO Nick van Houtrijve adds, “This funding allows us to accelerate our growth and give more clients access to this smart way of investing in Bitcoin.”
Pantheon Mining: Accessible Bitcoin mining
Founded by Lodewyck Berghuijs and Nick van Houtrijve, Pantheon Mining helps high-net-worth individuals, family offices, and institutional investors in mining Bitcoin.
According to the company, each of its investors will be assigned a personal manager to guide them through the process.
With a boutique-style approach, the Dutch company aims to protect its customers from the risks and uncertainties commonly associated with what is sometimes considered the “wild west” of the mining world.
“We offer our clients personal guidance and expertise, so they can fully benefit from the opportunities in Bitcoin mining without having to worry about the traps we have already fallen into,” says Lodewyck Berghuijs, CEO and founder of Pantheon.
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