Amsterdam-based Pantheon Mining, a supplier of “Mining-as-a-Service” for buyers and monetary establishments, introduced on Thursday, November 7, that it has secured €1M in a seed funding spherical.
The Dutch firm will use the funds to speed up its development and spend money on increasing its choices and technological infrastructure.
Moreover, the corporate will allocate the funds to analysis and growth, in addition to set up new mining facilities in a number of nations the place it has entry to inexpensive vitality.
The Dutch firm makes use of a “Golden Triangle” technique to decide on Bitcoin mining areas, specializing in three key components:
Robust Infrastructure: Dependable connectivity and logistics for environment friendly mining.
Secure Authorities and Supportive Laws: International locations with a steady political local weather and beneficial crypto legal guidelines.
Inexpensive, Renewable Vitality: Entry to low cost vitality sources like photo voltaic or hydropower for cost-effectiveness and sustainability.
Pantheon will even use a part of the funding to buy its personal miners and put the ‘discovered’ Bitcoin onto its steadiness sheet.
Co-founder and COO Nick van Houtrijve provides, “This funding permits us to speed up our development and provides extra purchasers entry to this good means of investing in Bitcoin.”
Pantheon Mining: Accessible Bitcoin mining
Based by Lodewyck Berghuijs and Nick van Houtrijve, Pantheon Mining helps high-net-worth people, household places of work, and institutional buyers in mining Bitcoin.
Based on the corporate, every of its buyers shall be assigned a private supervisor to information them by means of the method.
With a boutique-style strategy, the Dutch firm goals to guard its prospects from the dangers and uncertainties generally related to what is usually thought-about the “wild west” of the mining world.
“We provide our purchasers private steering and experience, to allow them to absolutely profit from the alternatives in Bitcoin mining with out having to fret in regards to the traps we have now already fallen into,” says Lodewyck Berghuijs, CEO and founding father of Pantheon.
