Business
CORRECTING and REPLACING OLB Group Announces Total of 600 Antminer S19j Pro Cryptocurrency Asic Miners in Operation
Company Expects to Increase to 1,000 Antminer S19j Pro cryptocurrency mining computers by end of year Company projects up to $1 million in additional revenue
About this update from The Olb Group, Inc.
[{"type":"text","content":"\n\nCompany Expects to Increase to 1,000 Antminer S19j Pro cryptocurrency mining computers by end of year\n\n\nCompany projects up to $1 million in additional revenue per month with 1,000 computers added alongside their existing omnicommerce offerings\n\n\n NEW YORK--(BUSINESS WIRE)--\nPlease replace the release with the following corrected version due to multiple revisions.\n\nThe updated release reads:\n\nOLB GROUP ANNOUNCES TOTAL OF 600 ANTMINER S19J PRO CRYPTOCURRENCY ASIC MINERS IN OPERATION\n\n\nCompany Expects to Increase to 1,000 Antminer S19j Pro cryptocurrency mining computers by end of year\n\n\nCompany projects up to $1 million in additional revenue per month with 1,000 computers added alongside their existing omnicommerce offerings\n\n\nThe OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce merchant services provider and Bitcoin mining enterprise, announced today 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.\n\nAs 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.\n\n“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.”\n\nYakov 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.\"\n\nOnce at full capacity - as...