OLB Group Announces Total of 600 Antminer S19J Pro Cryptocurrency ASIC Miners in Operation

The OLB Group, Inc., a diversified eCommerce merchant services provider and Bitcoin mining enterprise, announced that DMint, Inc., a wholly-owned subsidiary of OLB (DMint), has expanded its Bitcoin mining operation with the addition of five hundred (500) Antminer S19j Pro cryptocurrency mining computers. DMint anticipates having a total of 1000 computers in operation at its newly completed Bradford, PA location by the end of 2021 and projects to reach 24,000 Bitcoin mining computers – in various locations – in the next 24 months.

As the U.S. overtakes China as the top destination for Bitcoin mining, OLB Group is at the forefront of institutional cryptocurrency adoption as one of the first eCommerce merchants to host Bitcoin mining data centers. By applying innovative processes to their unique merchant services expertise, OLB’s entrance into the mining industry signals the next wave of mining operations in North America.

“The addition of 500 state-of-the-art Antminer S19j Pro computers is a major step towards scaling our Bitcoin Mining operation,” said Ronny Yakov, Chairman and CEO of the OLB Group. “The positive price movement since the start of our mining operations makes us even more optimistic about the long-term viability of our operations. We remain fully committed to scaling our operations to 24,000 computers by the end of 2023.”

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Yakov continued, “Because we are a diversified company with a robust core eCommerce business, we have a stable revenue base as our foundation as we ramp up our Bitcoin mining operations.”

Once at full capacity – assuming current market price and mining network size – DMint expects to mine 15.5 Bitcoins per month, generating $1 million in increased monthly revenue.

OLB provides merchants with omnicommerce services including leading-edge crypto commerce capabilities, eCommerce, back office and kitchen operations, and payment acceptance online, in store, and on mobile devices. Merchants utilizing OLB’s OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment. OLB expects to leverage DMint mining operations to power expanded crypto commerce services including financing, lending, and fundraising for small and medium sized businesses.

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