Benzinga | Jan 13, 2022 11:45AM EST

EXCLUSIVE: OLB Group Subsidiary DMint Sees Taking Delivery Of First Of 400 Added Antminer S19j Pro Bitcoin Mining Machines In Jan.

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"), 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.

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.

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, Inc., a wholly owned subsidiary of The OLB Group, Inc., is engaged in Bitcoin

mining. As a vertically integrated mining company, DMint utilizes proprietary energy

reserves to power the latest Antminer S19j Pro mining computers, enabling them to

mine Bitcoin and other cryptocurrencies at a lower cost that their competitors.

DMint plans to increase total 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 successfully expand our Bitcoin mining capacity with

existing energy resources, 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.