DGAP-News: Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB ANNOUNCES PRIVATE SALE FOR BYTEMINE TOKEN

STOCKHOLM, SWEDEN (11 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 the start of the company's Private Sale of its' Bytemine (BYTM) token.

To participate in the Private Sale, investors should visit the Bytemine web site, www.bytemine.io, and join the Telegram Group, t.me/bytemine, to sign up. All interested parties must first be verified by the KYC process; the Private Sale is open to anyone who invests 20.000 Euro or more.

Bytemine is pioneering a new crypto-mining ecosystem set to disrupt the cryptocurrency market landscape. With a focus on utilizing emerging technologies and applications, Stockholm IT Ventures is led by a team of seasoned executives with the expertise to deliver on its' forward-thinking vision. The new Bytemine token model leverages a scalable and sustainable platform built on a bedrock of Swedish energy efficiency to deliver a long-term positive yield for shareholders.

"We have created an unparalleled ecosystem that will fundamentally change the blockchain with our Bytemine ICO," said Anthony Norman, CEO, Stockholm IT Ventures. "Until now, the market has suffered from a short term view of this rapidly evolving world. We are driving towards our long-term vision that merges the profitability of mining with the stability of tokenization, bringing commodities onto the blockchain all through environmentally and socially responsible mining that will deliver a powerful new global monetary platform."

The concept of Bytemine is to give token holders the chance to profit from the mining of
various cryptocurrencies without the need for any technical knowledge. Bytemine token holders are effectively buying a stake in a centralised mining pool, managed from a state-of-the-art data centre located in Töreboda, Sweden. The rewards from the mining activity will be accumulated within the pool, which, in turn, will increase the value of the Bytemine token itself.

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