OLB Group Subsidiary DMint Orders Data Centers For Cryptocurrency Mining
The OLB Group, Inc. (OLB)
Company Research
Source: Business Wire
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. 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 k
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- 4/15/24 - Form 10-K
- 4/2/24 - Form DEF
- 4/1/24 - Form NT
- OLB's page on the SEC website