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Qareeb Partners With Pantheon For GCC Bitcoin Mining Expansion

The edge data center provider has teamed with the Bitcoin mining leader in a bid to expand regional mining facilities and strengthen digital infrastructure.

Published

1 week ago

February 11, 2025

Nour Nasir

qareeb partners with pantheon for gcc bitcoin mining expansion

The Middle East’s first edge data center provider, Qareeb, has joined forces with Pantheon, a global leader in Bitcoin mining services, to expand mining operations across the GCC. The two companies have signed a Memorandum of Understanding (MoU), laying the groundwork for a strategic collaboration that will also strengthen the region’s digital infrastructure.

Under the agreement, Qareeb will take the lead in securing prime locations for Pantheon’s Bitcoin mining facilities, strategically placing them near Qareeb’s existing and upcoming data center sites. Beyond site acquisition, Qareeb will also handle the construction and operational setup of the facilities, ensuring they are fully equipped and supported with engineering, security, and facility management services.

Annemarie van Zadelhoff, Chief Strategy Officer at Qareeb, highlighted the significance of this partnership: “Partnering with Pantheon represents a significant opportunity for Qareeb. By leveraging our expertise in turnkey project management, site acquisition, permitting, and operations, we are proud to ensure Pantheon’s facilities are fully fitted, operational, and supported by our 24/7 regional team. This partnership reflects our shared commitment to building a future-ready digital infrastructure and setting new standards for innovation and resilience in the region”.

Also Read: Password & Crypto-Stealing Trojan Targets UAE Users Via App Stores

Nick van Houtrijve, COO and Founder of Pantheon, emphasized the strategic nature of this expansion: “Pantheon’s expansion into the GCC is a strategic milestone as we continue to set new benchmarks for operational efficiency and performance. This partnership with Qareeb enables us to establish robust infrastructure in one of the fastest-growing Bitcoin mining markets globally”.

Finally, Jim Niemeijer, Head of Business Development at Pantheon, added: “With Qareeb’s unparalleled regional expertise and our capabilities, we are confident in delivering value to our investors and clients. Together, we’re creating a blueprint for the future of digital finance”.

The Qareeb and Pantheon collaboration marks a significant step in advancing Bitcoin mining capabilities in the Middle East, and will certainly help GCC countries to position themselves as global Bitcoin and crypto mining hubs.

Related Topics:Bitcoin Cryptocurrency Qareeb

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Foodics Acquires Online-Ordering Specialist & Invests In 3 Startups

The deal with UK-based Solo Venture was made at LEAP 2025, and will help create a seamless, all-in-one SaaS ecosystem for restaurants.

Published

2 days ago

February 19, 2025

Nour Nasir

foodics acquires online-ordering specialist and invests in 3 startups

MENA-based restaurant and payments technology provider Foodics has fully acquired Solo Venture, a UK-based company specializing in self-ordering kiosks and white-label online ordering solutions. The deal was reached at this year’s LEAP 2025 event in Riyadh and is part of Foodics’ strategy to create a seamless, all-in-one SaaS ecosystem for restaurants and catering firms.

Solo’s technology includes AI-driven self-service solutions, simplifying ordering and increasing profit margins. By integrating Solo into its platform, Foodics will soon be able to offer restaurants a comprehensive suite of tools covering everything from dine-in management to payments and analytics.

Ahmad Al-Zaini, CEO and Co-Founder of Foodics explained: “This acquisition is a significant step in our mission to build the most comprehensive restaurant management platform in MENA and beyond. To further support our ecosystem and the future of tech in the F&B sector, we are allocating $100M in strategic acquisitions and investments in Fintech, AI, and other transformative technologies over the coming three years”.

Beyond the Solo acquisition, Foodics is also backing three startups as part of its wider expansion plan:

Norma: A Greek AI-powered data analytics firm that enables business professionals to generate insights instantly, eliminating the need for technical expertise.
Add: A specialized accounting platform designed for small and medium-sized restaurants to simplify financial reporting and payroll management.
Arzaq Plus: A smart food and beverage supply chain platform that optimizes sourcing and logistics while introducing a “Buy Now, Pay Later” feature to the Foodics platform.

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Anas Alghanim, Foodics’ Director of Corporate Development, emphasized, “At Foodics, every investment we make is aimed at creating valuable solutions that drive growth and deliver tangible success, ensuring that we empower our partners and customers to shape the future of the industry”.

The LEAP 2025 announcement coincides with the celebration of Foodics’ 10th anniversary. After supporting over 30,000 food and beverage businesses across 30 countries, Foodics continues to push the boundaries of restaurant management technology, helping companies streamline operations and enhance customer experience.