DGAP-News: Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB ANNOUNCES HOSTING AGREEMENT WITH TRIG MEDIA GROUP AB

STOCKHOLM, SWEDEN (8 June, 2018) - Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546), a Swedish technology company specialising in clean and efficient low-cost energy crypto currency mining, today announced it has completed an agreement with Trig Media Group AB, a global social media platform company, to provide hosting and power supply services at the company's new crypto-mining facilities in Töreboda, Sweden.
 
"In a short period of time we are already realizing strong ROI on our new mining facilities with this first of many to come hosting agreements," said Anthony Norman, CEO, Stockholm IT Ventures. "Our ability to provide low-cost, reliable and sustainable power is both crucial to the future of a more stable and profitable cryptocurrency market landscape, as well as to fulfilling our commitment to our shareholders for a bullish future ahead for the company."
 
As part of the agreement, Stockholm IT Ventures will supply Trig Media Group with affordable, less heat generating power solutions that offer unparalleled pricing and efficiency. In addition to a monthly lease for 1900 servers, Stockholm IT Ventures will receive 20 percent of the crypto-mining revenues from Trig Media Group's total yield. The hosting will commence in July 2018.
 
About Stockholm IT Ventures AB
Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company focuses on clean and efficient low-cost energy cryptocurrency mining and production, and in blockchain related technology. All mining activities shall use clean and sustainable energy from hydro power stations in Northern Europe, requiring less heat-generating energy compared to ordinary mining for Bitcoin. The Stockholm IT Ventures stock represents a green investment in cryptocurrency technology. For more information, visit www.stockholmit.co. You can also find them on Facebook, Twitter and LinkedIn. Details on the company's Bytemine (BYTM) token and White Paper can be found here: www.bytemine.io.
 
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Media Contacts:
 
Vibrate Communications for Stockholm IT Ventures
leslie@vibratecommunications.com
tyrone@vibratecommunications.com