Benzinga | Oct 19, 2021 09:00AM EDT

EXCLUSIVE: OLB Group Reports Its DMint Subsidiary Initiated Bitcoin Mining With First 100 Antminer S19j Pro Cryptocurrency Mining Computers

NEW YORK, October 19, 2021--(BUSINESS WIRE) The 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 initiated Bitcoin mining

with its first one hundred (100) Antminer S19j Pro cryptocurrency mining computers. DMint

anticipates having a total of 1000 computers in operation at its newly installed Bradford, PA data

center by the end of 2021 and projects to reach 24,000 Bitcoin mining computers 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 adoption as one of the first eCommerce merchants to host Bitcoin

mining data centers. By applying innovative processes and their unique merchant services

expertise, OLB's entrance into the mining industry signals the next wave of mining operations in

North America.

"I am proud of our team's dedication and commitment as we work to implement the first phase

of our bitcoin mining project." said Ronny Yakov, Chairman and CEO of the OLB Group. "We

are confident that we will have 1,000 Antminer S19j Pro miners operating by the end of this

year. Once all 1,000 miners are fully operational, OLB Group will have the capacity for an

additional $1.1 million in revenue monthly, assuming a base market price of $45,000 per

bitcoin. Although this is a major milestone, we remain focused on our long-term goal of

expanding to 24,000 computers by the Fall of 2023."

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".

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.

Merchants interested in implementing crypto commerce or omnicommerce services can set up

an OmniSoft account at https://cardaccept.com/#contact. For more information about The OLB

Group, please visit www.olb.com or www.olb.com/investors-data .

Future OLB Press Releases and Updates

Interested investors or shareholders can be notified of future Press Releases and Industry

Updates by emailing investorrelations@OLB.com.

About DMint

DMint is a wholly owned subsidiary of the OLB Group engaged in the mining of Bitcoin in net-

zero carbon data centers with an initial deployment of 1,000 ASIC-based Antminer S19j Pro 96T

mining computers specifically designed for the efficient mining of Bitcoin. DMint's mission is to

mine Bitcoin and other cryptocurrencies by operating the latest technology ASIC-based mining

computers powered by sustainable natural gas at a much lower net cost versus our crypto

mining peers. DMint plans to increase mining capacity to 24,000 mining computers over the

next 24 months to build out capacity to achieve 2.4 exahash per second.

About The OLB Group, Inc.

The OLB Group, Inc. (NASDAQ:OLB) is a diversified Fintech eCommerce merchant services

provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers

cloud-based merchant services for web-based and bricks-and mortar companies for a

seamless, comprehensive digital commerce solution that includes site creation, web hosting,

customer service, outbound marketing, sales reporting, transaction processing, order fulfillment

and payment facilitator offering crypto payment options. OLBit.com, a wholly owned subsidiary

of OLB Group, has applied for a license to begin trading and accepting crypto currency for

merchants. For more information about solutions, services, or to find a reseller, please visit

www.olb.com . Investor information is available at www.olb.com/investors-data .

Safe Harbor Statement

All statements from The OLB Group, Inc. in this news release that are not based on historical

fact are "forward-looking statements" within the meaning of the Private Securities Litigation

Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as

amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These

forward-looking statements include, but are not limited to, statements concerning the impact of

COVID-19 on our operations and financial condition, our ability to implement our proprietary

merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay

applications, including payment methods, to our current merchants and the integration of our

secure payment gateway with our crowdfunding platform, our ability to successfully launch a

cryptocurrency mining operation and our ability to earn revenue from the new operations. While

the Company's management has based any forward-looking statements contained herein on its

current expectations, the information on which such expectations were based may change.



These forward-looking statements rely on a number of assumptions concerning future events

and are subject to a number of risks, uncertainties, and other factors, many of which are outside

of our control, that could cause actual results to materially differ from such statements. Such

risks, uncertainties, and other factors include statements regarding the expected revenue and

income for operations to be generated by The OLB Group, Inc. For other factors that may cause

our actual results to differ from those that are expected, see the information under the caption

"Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments

thereto, as well as other public filings with the SEC since such date. The Company operates in a

rapidly changing and competitive environment, and new risks may arise. Accordingly, investors

should not place any reliance on forward-looking statements as a prediction of actual results.

The Company disclaims any intention to, and undertakes no obligation to, update or revise any

forward-looking statement.