News
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.
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”.
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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.
News
Stake Powers Instant Payouts With Checkout.com Pay To Card
The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.
Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.
After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.
The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.
Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.
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Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.
Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.
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