Pantheon funding news – Amsterdam-based Pantheon Mining Raises €1 Million in Seed Funding
Nov 7, 2024 | By Kailee Rainse
Pantheon Mining, a Bitcoin mining company, has raised €1 million in seed funding to support its growth. The company offers "Mining-as-a-Service" to investors and financial institutions and plans to use this investment to expand its operations in the Dutch Bitcoin industry.
SUMMARY
- Pantheon Mining, a Bitcoin mining company, has raised €1 million in seed funding to support its growth.
- Pantheon focuses on serving high-net-worth individuals, family offices, and institutional investors.
It has grown steadily on its own without outside funding. Now, with this new capital, the company aims to expand its services, improve its technology, and build new mining centres in countries with affordable energy.
These centres will follow Pantheon’s “Golden Triangle” strategy, focusing on strong infrastructure, stable regulations, and access to low-cost, sustainable energy sources like solar and hydropower.
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Pantheon CEO and founder Lodewyck Berghuijs said, “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, 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."
Co-founder and COO Nick van Houtrijve said, The funding round underscores investor confidence in Pantheon’s mission, as this funding allows us to accelerate our growth and give more clients access to this smart way of investing in Bitcoin.”
Funding Utilisation
It will also use some of the investment to adopt a "Bitcoin treasury strategy," similar to companies like MicroStrategy. This means they will buy their own mining equipment and add the Bitcoin they mine to their balance sheet. It believes this approach will become more popular with businesses in the future.
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About Pantheon
Pantheon focuses on serving high-net-worth individuals, family offices, and institutional investors. They take a personalized approach, assigning a dedicated manager to each investor to guide them through the process.