STOCKHOLM IT VENTURES ENTERS INTO VENTURE WITH EVOLUTION GLOBAL TO DEPLOY 10,000 PETAHASH OF BITCOIN MINING
STOCKHOLM, SWEDEN (September 26, 2018) – Stockholm IT Ventures AB (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546), today announced it has entered into a binding Memorandum of Understanding (“MOU”) with Evolution Global AS, a developer of innovative solutions for crypto mining to acquire an option to purchase up to 10,000 Petahash of Bitcoin mining capacity to be mined Evolution Global.Evolution Global is in the final stages of developing a new application-specific integrated circuit (ASIC) chip that is likely to outperform all Bitcoin mining ASICs and mining equipment in terms of