Crypto Firm Ambit Mining Seeks Expansion with Token Pre-Sale in April 2018

Mar 28, 2018 at 17:38 // News
Ambit Mining seeks expansion with token pre-sale

Georgian cryptocurrency mining company Ambit Mining has just announced plans to further expand its top notch infrastructure with a crowdfunding campaign to be launched next month, starting with a pre-sale event on April 10th, 2018.

With a reputation backed by a superb track record of successful operations in cloud performance and hosting services in cryptocurrency mining, Ambit Mining already owns some of the most modern and sophisticated infrastructure including a 1MW diversified mining facility located in the Tbilisi Free Economic Zone, as well as a 5MW hosting facility which recorded a 100% return on investment in only five short months.

Expansion of Next-Generation Facilities for Crypto Mining

Spurred by the incredible success of its project, Ambit has unveiled ambitious plans to scale up its operations to 20MW and is now inviting mining enthusiasts and related investors to participate in this next step of growth. Already holding a wealth of experience, the Ambit team will help secure new partnerships with recognized hardware producers and relevant industries to ensure the continuation of a successful and, more importantly, profitable mining enterprise.

Discover the Ambit Difference

Ambit Mining benefits from superior technology, using state of the art hardware featuring the latest in cooling and wiring solutions, optimizing costs and realizing maximum profits.

It also implements socially-conscious principles in its operations. All of its units are fully powered by renewable hydroelectricity, making operations at lowest possible costs of only 5 cents per kWh. Its location in crypto-friendly Georgia in the capital’s Free Economic Zone means easy and permanent access to abundant green energy, while benefiting from conducive state regulations.

Ambit has a proven track record, not merely an idea. Having constructed its 1MW diversified rig, it oversaw the generation of over $1.3 million in annual profit. It hopes to replicate the success with the expansion, sharing the profits with the deserving community. 

The Ambit Token Sale

As part of its philosophy to decentralize and ensure the business is community driven, Ambit will allocate 85% of its total token supply to the public token sale. All token holders will also have voting rights, allowing them to make decisions involving business matters, shaping the innovative and improvement direction of Ambit as a company.

Participants who contribute to the Ambit token pre-sale event on April 10th benefit from a 20% bonus on the tokens sold, at a current base price of 50 cents each. Additionally, Ambit token holders stand to gain from several added benefits. Including a profit share entitlement from Ambit mining and hosting activities, paid out every two weeks in ETH at a pro-rata basis.

Because Ambit mining looks at both GPU and ASIC mining, mining income is not reliant on a single currency, but will look to optimize based on performance of individual coins, representing a diversification strategy for the company. As hardware becomes outdated as well, they will be sold, after which all asset sale proceeds will be paid out to token holders.

In case of sale of assets, such as ASICs or GPUs, when they become outdated, the proceeds will be paid out to token holders at pro-rated basis.

To learn more about Ambit, visit the website and read the whitepaper. To join community updates, follow them on Facebook and Twitter or join the discussions on Telegram.

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