Replies to post #90429 on Savvy Trades and Investments

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OLB Group Subsidiary DMint Orders Data Centers For Cryptocurrency Mining

Data centers will begin operations in mid-September, housing the first 1000 miners expected to generate around $3M for the 4th quarter of 2021 revenue, and functioning with a net-zero carbon footprint.


August 31, 2021

NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced that DMint, Inc, a wholly-owned subsidiary of OLB (“DMint”), is expecting their first batch of cryptocurrency data centers to come online mid-September 2021. Located in Bradford, PA, the centers will be powered through clean gas energy generated through DMint mineral rights.


“These new data centers employ the latest efficiencies for maximizing performance of the miners with an eye on the environmental impact and cost of power,” said Ronny Yakov, Chief Executive Officer of OLB. “We expect this approach to generate excellent revenue and will enable further expansion of all services and functions important to keeping our merchants competitive. Crypto commerce is becoming increasingly popular with merchants and consumers, and OLB is striving to make it accessible to all.”


Dmint’s first data centers will accommodate some 1000 miners that are expected to be in operation before the end of September 2021, generating more than $3M new revenue for OLB. DMint has plans to increase capacity to some 24,000 miners over the next 24 months.


Merchants interested in implementing cryptocurrency commerce or omnicommerce services can set up a SecurePay or OmniSoft account at https://cardaccept.com/#contact.

For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data.


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Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing [e-mail].

[maxluke1]

MKTY - I was greedier than warranted, but got away with it. I bought a tiny position (~1% position) at 7.24 and just sold half at 11.50. Letting the other half ride. Thanks for bringing this one up. Owe you a beer.