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Stock impact report

OLB Group Subsidiary DMint Orders First Batch of Miners for Cryptocurrency

The OLB Group, Inc. (OLB)  More Company Research Source: Business Wire
PDF ASIC-based mining computers S19j Pro 96T to come online at DMint net-zero carbon data centers in September; Operation anticipated to generate $1M per month in new 2021 revenue 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 deploying its first lot of some one-hundred cryptocurrency mining computers for operation at its newly acquired data centers. The Antminer S19j Pro is specifically configured to mine Bitcoin and is planned to be up and running by the end of September.“Putting these new mining computers to work is the first step in building out our cryptocurrency mining operations that are expected to grow to serve some one thousand miners by the end of the year,” said Ronny Yakov, OLB Chief Executive Officer. “We recognize the high energy requirements and potential environmental impact [Read more]
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