OLB Group Inc Stock Price, News & Analysis

The OLB Group, Inc. (NASDAQ: OLB) has successfully completed a private placement, raising approximately $25 million by issuing 4,545,455 shares of Common Stock and warrants. Each share is priced at $5.50, with warrants exercisable at $6.50 for five years. Proceeds will be used for potential acquisitions, business expansion, and working capital. The Company plans to file a registration statement with the SEC within 15 days to cover the resale of these securities.

The OLB Group (NASDAQ: OLB) announced a private placement deal with institutional investors, issuing 4,545,455 shares of Common Stock at a price of $5.50 per share, aiming for gross proceeds of approximately $25 million. The proceeds are designated for investments in synergistic companies, product expansion, and general corporate needs. Warrants to purchase additional shares at $6.50 are included. The securities are unregistered under the Securities Act and an initial registration statement will be filed with the SEC.

The OLB Group, Inc. (NASDAQ: OLB) has announced its readiness to process Mastercard Bitcoin payments through its SecurePay Payment Gateway and OmniSoft platform.

This integration allows merchants to activate cryptocurrency transaction processing immediately, accommodating Bitcoin, Ethereum, USDC, and DAI.

CEO Ronny Yakov noted that Mastercard's support for cryptocurrency could enhance its acceptance in everyday business.

OLB's services aim to provide diverse payment options for over 9,500 merchants across the U.S.

OLB Group (NASDAQ:OLB) has announced an expansion of its Bitcoin mining operations through its subsidiary DMint, adding 500 Antminer S19j Pro computers, with plans to reach 1,000 by year-end 2021. This move is projected to generate an additional $1.17 million in monthly revenue. OLB aims to scale up to 24,000 mining units over the next two years, potentially mining 18.6 Bitcoins monthly, equating to $97,500 in revenue. The company remains committed to integrating its mining operations with its eCommerce services, bolstering its position in the cryptocurrency sector.

OLB Group (NASDAQ: OLB) anticipates expansion in its Bitcoin mining operations, planning to have 1,000 Antminer S19j Pro computers by year-end 2021. This growth could generate up to $1.1 million in additional monthly revenue. The company aims for a total of 24,000 machines to be operational in the next 24 months, responding to rising institutional adoption of Bitcoin mining in North America. OLB Group leverages its existing eCommerce services as a foundation for this new venture, indicating a significant shift in their operational strategy toward cryptocurrency.

OLB Group (NASDAQ: OLB) announced the launch of its cryptocurrency mining operations through its subsidiary, DMint. Starting in September, DMint will deploy 100 S19j Pro 96T mining computers expected to generate $1M monthly in revenue. The company plans to scale operations to 1,000 miners and aims for a capacity of 500 petahash per second over the next 24 months, utilizing green energy sources from secured natural gas rights. This initiative supports OLB's expansion into cryptocurrency commerce services for merchants.

The OLB Group (NASDAQ: OLB), a provider of omnicommerce solutions, announced that CEO Ronny Yakov will present on blockchain and cryptocurrency at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15. His session, titled “Cryptocurrency, Blockchain, & Fintech Applications,” is scheduled for September 13 at 7:00 a.m. Eastern. The OLB Group focuses on empowering merchants with advanced fintech solutions to enhance profitability and customer satisfaction through innovative technologies.

The OLB Group (NASDAQ: OLB) announced that its subsidiary, DMint, will launch cryptocurrency data centers in mid-September 2021. The initial setup of 1,000 miners in Bradford, PA, is projected to generate approximately $3M in revenue for Q4 2021. The data centers will operate with a net-zero carbon footprint, utilizing clean gas energy. DMint aims to scale up to 24,000 miners over the next 24 months, enhancing OLB's capacity in cryptocurrency commerce.