Business Idea

Ambit Mining is a mining operation established in the free economic zone, Tbilisi, Georgia. In October Ambit Mining completed the construction of its first fully disclosed and diversified Mining farm, with the capacity of 1 Megawatt (MW). Ambit Mining aims to expand the existing operation with crowd funding (using Ethereum based smart contract) and make a large scale cryptocurrency mining operation accessible to community.

Low cost, green electricity (0.05$ per kW/h), favorable government regulations, tax free zone, cutting edge technological solutions, all these factors ensure that Ambit Mining is one of the most profitable mining operations in the world. (100% ROI Achieved in just 5 months for the existing farm). Community members who will contribute to this project will have the opportunity to become part of the mining family at Ambit. Each Community Member will have access to regular and transparent information regarding the mining operation. Ambit Mining contributors will receive Ethereum based AMBT Tokens that represent their share in Ambit Mining. These tokens will entitle the holders to the profit share from the Ambit Mining operation. 75% of the net profit will be distributed to the token holders, while the remaining 25% will be reinvested in and infrastructure.

On the existing mining operation, Ambit Mining has managed to achieve 100% ROI in just 5 months. However, due to the volatility of cryptocurrencies, the ROI might rate, at bitcoin prices of USD 13,000, Ambit Token will generate a yearly ROI of 171%, or over 500% over 3 year period. Which means that every 1 ETH invested will yield 5 ETH within 3 year timeframe.

Ambit Mining restricts access to US citizens, green card holders and residents of the United States

ICO release of  104  million tokens   (1 AMBT = 0.50 USD)

The final allocation:

• 85% Token Holders
• 3% Company Reserve
• 9% Team & Advisors
• 3% Bounty

Concept description: experienced miners, who managed to build 1 MW mining and 5MW hosting facility in Georgia, Tbilisi Free Industrial Zone. They have achieved ROI in just 5 months, following profitability of the project, now the is aim scaling to 20 MW mining infrastructure, providing - mining, hosting and cloud mining services. 

Ambit mining is the only ICO with the existing mining infrastructure, experience and proven track record. All this is reflected on “Ambit Mining” youtube channel. The company is located in Georgia, Tbilisi Free economic zone, which gives various benefits such as, cheap green electricity of 5 cents, no tax or VAT, and favorable government regulations. It partners with major mining hardware and cooling system manufacturers, farther decreasing consumption of electricity. Our main value is transparency and experience. Every variable related to the mining operation will be disclosed to the token holders, each token holder will have voting right to influence important business decisions.

Can’t participate: USA

Pros

• Strong team based on information provided on website.
• All our mining units are powered by 100% renewable hydro energy, ensuring low cost and green electricity supply at only 5 cents per kW/h.
• The mining farm is located in Tbilisi Free Economic Zone, which is a tax free area in Georgia. Meaning that operation will be exempt from majority of licenses, taxes and will benefit from the simplified procedures. Ambit Mining will partner with the major mining hardware manufacturers and will install cutting edge cooling and wiring solutions in order to optimize the costs and to ensure maximum profitability.

Cons

Since the company has just begun its development, it's hard to say about the project's minuses. In our opinion, it is necessary to monitor further actions of the company in the field of marketing, management and attracting investors. Pushing from these data it will be possible to draw a conclusion about the minuses and pluses of the company.

Social Media

Twitter – 300+ follower, 3+ posts a day. On average, 200+ retwitts and 200+ likes per post.

Telegram - 1400+ members with hi activity, the admins are answering actively to member’s questions.

News

Presale: April 3- April 11

Crowd Sale : April 14 – April 29

Accepts: ETH, BTC, Dash, LTC  

April 3, 2018 Presale of Ambit MiningICO.

February 2018 Existing 1MGW farm

100 % ROI.

January 2018 Existing GPU Farm

100 % ROI

April 14, 2018 Main sale of

Ambit Mining ICO.

May 2018 Laying foundation for Ambit

hosting and mining facility.

July 2018 Hosting Services go live.

October 2018 First full dividend payout

from Ambit Hosting and Mining Farm

September 2018 Ambit Mining Farm is

completed. August 2018 First dividend payout from the Ambit hosting income.

Team

Beka Vashakidze - Founder & CEO

Serial Entrepreneur & Blockchain pioneer in Georgia, CEO of BFgroup holding Company that operates in Cryptocurrency mining. Has been shareholder of the Companies operating in different industries such as Oil and Gas, Fintech, Digital Media and FMCG sector. Founder of the Youtube Channel: "CryptoCurrency Network" - CCN; online media channel with up to date information about Cryptosphere.  CCN became popular for its daily vlog about building the 1 Megawatt, diversified mining farm in the Free Economic Zone in Tbilisi.

Giorgi Inashvili - Chief Operational Officer

6 years of experience in a multinational FMCG company running various projects ranging from sales and logistics to marketing. Managed the allocation of the marketing budget of over one million GBP on yearly basis.

David Kochiashvili - Lead Software Developer

Solidity developer, NEO Virtual Machine Architect with 2 years of crypto developing experience and More than 20 years of professional experience as of software Development. Senior Developer of TBC Bank, Constanta bank, Geocell; Expertise: Big Data, Blockchain, software for Banking and Telecommunication.

Aleksey Kuksin - Software Architect

More than 20 years of experience in Software engineering and programing. Former Manager of Big Data Engineering at Nomis Solutions. Former Big Data Engineer at Motorola and former Software architect at Nokia Siemens Networks.

George Khmaladze - Chief Financial Officer

Chairman of the board of directors, the Georgian Association of Independent Accountants and Auditors. Director of Certification, Expertise Institute for Valuation of Assets of Georgia; Managing Partner, Director, Head of Auditing and Consultancy Service MGI Georgia, Top 20 ranked international network of audit, tax, accounting & consulting firms.