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Pantheon
PUBLISHED
November 7, 2024

Dutch Bitcoin mining company accelerates growth with investment

Pantheon

On the eve of what many believe to be a new ‘bull market’ for Bitcoin, a Dutch Bitcoin mining company has secured an investment of 1 million euros to further its growth. Pantheon Mining, a provider of ‘Mining-as-a-Service’ for investors and financial institutions, has successfully closed its seed round, marking a significant step in its growth and development. This strengthens Pantheon’s position as a pioneer in the Dutch Bitcoin industry.

Until now, the company had grown every quarter under its own power, without the need for outside investment. This seed funding will enable Pantheon to execute its ambitious plans and invest in expanding its product offerings and technological infrastructure. The company will allocate the funds to research and development, as well as establishing new mining centers in multiple countries where it has access to affordable energy—a critical requirement for successful mining operations.

The Golden Triangle of Bitcoin Mining For selecting new locations, Pantheon employs a ‘Golden Triangle’ strategy that focuses on three crucial factors:

  1. Excellent infrastructure – Locations with reliable connectivity and logistics to ensure efficient mining operations.
  2. Stable government and favourable regulations – Countries with not only a stable political climate but also Bitcoin-friendly regulations and clear rules for crypto mining.
  3. Affordable and sustainable energy – Regions with access to inexpensive energy, preferably renewable sources such as solar or hydropower. This is essential both from a cost perspective and for supporting a sustainable way of growing the Bitcoin network.

Protecting Clients from mistakes and risks Pantheon’s focus isn’t solely on growth. The founders have a clear vision to guide clients through the often complex landscape of Bitcoin mining. With a boutique-style approach, they protect their customers from the risks and uncertainties commonly associated with what is sometimes considered the "wild west" of the mining world. After their own unsuccessful ventures in Bitcoin mining in China and Kazakhstan, the founders know firsthand what pitfalls they want to help their clients avoid.

"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," said Lodewyck Berghuijs, CEO and founder of Pantheon.

Investing in the ‘Future of Money’ The successful funding round highlights the confidence investors have in Pantheon’s vision and business model. "We are delighted with the support of our investors, especially because they share our mission and vision, and like us, believe in Bitcoin as the future of money," Berghuijs proudly stated.

Co-founder and COO Nick van Houtrijve added: "This funding allows us to accelerate our growth and give more clients access to this smart way of investing in Bitcoin."

Bitcoin on the balance sheet Pantheon will also use part of the investment to purchase its own miners and put the ‘found’ Bitcoin onto its balance sheet. “Just like the successful MicroStrategy in the U.S., we will implement a ‘Bitcoin treasury strategy.’ We expect many more companies to adopt this in the near future.”

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Contact Information:

Brett Voorzaat
Chief Commercial Officer / Partner
+316 81930324
brett@pantheonmining.com

End of Press Release

This press release contains forward-looking statements based on Pantheon’s current expectations and projections. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements.