Unity Investment wins crypto award

Unity Investment was honoured with an award for the best project in the field Initial Coin Offering (ICO) at the Crypto Currency World Expo in Poland. According to a press release, this is the first time that a Swiss company has received an award at the annual summit of leading global cryptocurrency companies.

Unity Investment has its headquarters in Altendorf SZ and “is building a huge computer centre in Jona SG with thousands of mining units”. This will be used to mine bitcoins and other digital currencies. The company intends to power these computers with renewable energy sources.

CEO of Unity Investment Sean Prescott praised Switzerland as an ideal location in the press release: “Switzerland provides extremely high regulatory security as a finance and crypto nation, along come the benefits of a stable technical infrastructure and power grid,” Sean Prescott commented. “In addition, we benefit from extremely low taxes and power costs – we are essentially cheaper than China or Canada in producing cryptocurrencies.”

A factor contributing to the success of Unity Investment is the fact that ICOs are proving to be an ever-more popular choice for raising capital. The company is also planning to launch its own ICO in October 2018. The funds raised will serve to extend the company's mining operations centre, which is scheduled for completion in December 2018.