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
Can’t participate: USA
- 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.
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.
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.
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.
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.
Unlike many other ICO’s, Ambit mining is already operating company with the profit of 1.3 million USD per year, and collected funds is for expanding existing project, rather than starting everything from zero. This project offers good conditions for investors, such as: the project will be released in tax free area, has low electricity supply, modern equipment to optimize costs and ensure maximum profitability.
Existing GPU Farm 100 % ROJan, 2018
Presale of Ambit MiningICOApr, 2018
Laying foundation for Ambit hosting and mining facilityMay, 2018
First dividend payout from the Ambit hosting incomeAug, 2018
First full dividend payout from Ambit Hosting and Mining FarmOct, 2018
Acquisition of hydroelectric station for the extra source of electricityMay, 2020
Existing 1MGW farm 100 % ROIFeb, 2018
Main sale of Ambit Mining ICOApr, 2018
Hosting Services go liveJul, 2018
Ambit Mining Farm is completedSep, 2018
100% Return on Investment achieved, Cloud mining offered to token holdersMay, 2019
Production of own ASICS chipsSep, 2021
Giorgi InashviliChief Operational Officer
David KochiashviliLead Software Developer
Aleksey KuksinSoftware Architect
David GelashviliPartner at BDO Georgia
George KhmaladzeChief Financial Officer
Levan NadiradzeChief Project Manager
Tato TsintsadzeChief Energy Officer
Mikheil ToduaHead of Marketing
Zakro GogolidzeSenior Web Developer
Karan (Kay) Khemani