OLB GROUP Anticipates Start Of Delivery Of Additional 400 ANTMINER S19J PRO Cryptocurrency Machines This Month

Upon receipt of the 400 machines, OLB will have Total of 1,000 Antminer S19j Pro cryptocurrency machines operating in two facilities in Bradford, PA

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”), expects to take delivery of the first of four hundred (400) additional Antminer S19j PRO Bitcoin mining machines this month. The order was paid for in advance in November 2021.

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DMint believes it will be able to generate approximately $1 million in increased monthly revenue (assuming an average Bitcoin price of $42,000) once all 1,000 mining machines are deployed and fully operating.

“Upon delivery of all the machines, these 400 Antminer will bring our total cryptocurrency mining machine count to 1,000. We expect to be periodically ordering additional machines on an ongoing basis,” said Ronny Yakov, Chairman and CEO of the OLB Group.

OLB provides merchants with omnicommerce services including leading-edge crypto commerce capabilities, eCommerce, back-office 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’s mining operations to power expanded crypto commerce services including financing, lending, and fundraising for its merchants and other small and medium sized businesses.

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