NEW YORK–(BUSINESS WIRE)–Please exchange the discharge with the next corrected model as a consequence of a number of revisions.
The up to date launch reads:
OLB GROUP ANNOUNCES TOTAL OF 600 ANTMINER S19J PRO CRYPTOCURRENCY ASIC MINERS IN OPERATION
- Firm Expects to Enhance to 1,000 Antminer S19j Professional cryptocurrency mining computer systems by finish of 12 months
- Firm tasks as much as $1 million in extra income monthly with 1,000 computer systems added alongside their present omnicommerce choices
The OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce service provider companies supplier and Bitcoin mining enterprise, introduced immediately that DMint, Inc., a wholly-owned subsidiary of OLB (“DMint”), has expanded its Bitcoin mining operation with the addition of 5 hundred (500) Antminer S19j Professional cryptocurrency mining computer systems. DMint anticipates having a complete of 1000 computer systems in operation at its newly accomplished Bradford, PA location by the tip of 2021 and tasks to achieve 24,000 Bitcoin mining computer systems – in varied places – within the subsequent 24 months.
Because the U.S. overtakes China as the highest vacation spot for Bitcoin mining, OLB Group is on the forefront of institutional cryptocurrency adoption as one of many first eCommerce retailers to host Bitcoin mining information facilities. By making use of modern processes to their distinctive service provider companies experience, OLB’s entrance into the mining business alerts the following wave of mining operations in North America.
“The addition of 500 state-of-the-art Antminer S19j Professional computer systems is a significant step in direction of scaling our Bitcoin Mining operation,” stated Ronny Yakov, Chairman and CEO of the OLB Group. “The constructive value motion for the reason that begin of our mining operations makes us much more optimistic in regards to the long-term viability of our operations. We stay totally dedicated to scaling our operations to 24,000 computer systems by the tip of 2023.”
Yakov continued, “As a result of we’re a diversified firm with a sturdy core eCommerce enterprise, we’ve a secure income base as our basis as we ramp up our Bitcoin mining operations.”
As soon as at full capability – assuming present market value and mining community measurement – DMint expects to mine 15.5 Bitcoins monthly, producing $1 million in elevated month-to-month income.
OLB offers retailers with omnicommerce companies together with modern crypto commerce capabilities, eCommerce, again workplace and kitchen operations, and fee acceptance on-line, in retailer, and on cell units. Retailers using OLB’s OmniSoft Enterprise Administration platform can transact with prospects by digital wallets, cryptocurrency wallets, and conventional card-based fee. OLB expects to leverage DMint mining operations to energy expanded crypto commerce companies together with financing, lending, and fundraising for small and medium sized companies.
Retailers fascinated with implementing crypto commerce or omnicommerce companies can arrange an OmniSoft account at https://cardaccept.com/#contact. For extra details about The OLB Group, please go to www.olb.com or www.olb.com/investors-data.
Future OLB Press Releases and Updates
traders or shareholders could be notified of future Press Releases and Trade Updates by emailing investorrelations@OLB.com.
DMint is a completely owned subsidiary of the OLB Group engaged in Bitcoin mining. As a vertically built-in mining firm, DMint makes use of proprietary power reserves to energy the most recent Antminer S19j Professional mining computer systems, enabling them to mine Bitcoin and different cryptocurrencies at a decrease value that their opponents. DMint plans to extend mining capability to 24,000 mining computer systems over the following 24 months to construct out capability to realize 2.4 exahash per second.
About The OLB Group, Inc.
The OLB Group, Inc. (NASDAQ: OLB) is a diversified Fintech eCommerce service provider companies supplier and Bitcoin crypto mining enterprise. The Firm’s eCommerce platform delivers cloud-based service provider companies for web-based and bricks-and mortar firms for a seamless, complete digital commerce resolution that features website creation, webhosting, customer support, outbound advertising and marketing, gross sales reporting, transaction processing, order success and fee facilitator providing crypto fee choices. OLBit.com, a completely owned subsidiary of OLB Group, has utilized for a license to start buying and selling and accepting crypto forex for retailers. For extra details about options, companies, or to discover a reseller, please go to www.olb.com. Investor info is accessible at www.olb.com/investors-data.
Secure Harbor Assertion
All statements from The OLB Group, Inc. on this information launch that aren’t based mostly on historic reality are “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements embrace, however should not restricted to, statements regarding the impression of COVID-19 on our operations and monetary situation, our means to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay purposes, together with fee strategies, to our present retailers and the combination of our safe fee gateway with our crowdfunding platform, our means to efficiently launch a cryptocurrency mining operation and our means to earn income from the brand new operations. Whereas the Firm’s administration has based mostly any forward-looking statements contained herein on its present expectations, the data on which such expectations have been based mostly might change. These forward-looking statements depend on numerous assumptions regarding future occasions and are topic to numerous dangers, uncertainties, and different components, lots of that are outdoors of our management, that would trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different components embrace statements concerning the anticipated income and earnings for operations to be generated by The OLB Group, Inc. For different components which will trigger our precise outcomes to vary from these which can be anticipated, see the data below the caption “Danger Elements” within the Firm’s most up-to-date Type 10-Okay and 10-Q filings, and amendments thereto, in addition to different public filings with the SEC since such date. The Firm operates in a quickly altering and aggressive setting, and new dangers might come up. Accordingly, traders shouldn’t place any reliance on forward-looking statements as a prediction of precise outcomes. The Firm disclaims any intention to, and undertakes no obligation to, replace or revise any forward-looking assertion.