The OLB Group, Inc.

OLB

US67086U3077

Internet Services

Market Closed - Nasdaq Other stock markets 04:30:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.3012 ^USD	-0.26%		-22.37%	-71.58%

Apr. 15	Transcript : The OLB Group, Inc., Q4 2023 Earnings Call, Apr 15, 2024
Apr. 15	The OLB Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

OLB Group Shares Rise on New Cryptocurrency Subsidiary

August 03, 2021 at 12:36 pm EDT

By Chris Wack

OLB Group Inc. shares were up 3% to $5.69 after the company said it formed DMint Inc., a wholly owned subsidiary that will begin mining cryptocurrency this year.

The company said its operations plan for DMint is to build out data centers and use ASIC machines to mine cryptocurrency with underutilized energy in accordance with ESG standards.

OLB said the new revenue source will also fuel new services and opportunities for its small- and medium-sized merchants.

The company said it believes cryptocurrency will have a major impact in the payment industry, and by starting a cryptocurrency mining subsidiary, it will be able to provide additional services to its existing merchant base.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

08-03-21 1235ET

Latest news about The OLB Group, Inc.

Transcript : The OLB Group, Inc., Q4 2023 Earnings Call, Apr 15, 2024	Apr. 15
The OLB Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 15	CI
Germany's OLB Gets Regulatory Approval for Degussa Bank Takeover	Apr. 11	MT
The OLB Group, Inc. Adds Seven Additional Minor League Baseball Teams to Roster of Clients Using Omni Commerce Services and Payment Acceptance Solutions	Mar. 21	CI
Olb Group Insider Bought Shares Worth $600,001, According to a Recent SEC Filing	Jan. 19	MT
Olb Group Insider Bought Shares Worth $300,000, According to a Recent SEC Filing	Jan. 19	MT
EU trailing UK capital market reforms, Frankfurt bourse official says	Nov. 28	RE
Transcript : The OLB Group, Inc., Q3 2023 Earnings Call, Nov 15, 2023	Nov. 15
Tranche Update on The OLB Group, Inc.'s Equity Buyback Plan announced on July 13, 2022.	Nov. 14	CI
The OLB Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
The OLB Group, Inc. agreed to Spin-Off DMINT, Inc.	23-09-27	CI
Transcript : The OLB Group, Inc., Q2 2023 Earnings Call, Aug 21, 2023	23-08-21
Tranche Update on The OLB Group, Inc.'s Equity Buyback Plan announced on July 13, 2022.	23-08-21	CI
The OLB Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-21	CI
CVC plans IPO of German cosmetics retailer Douglas - sources	23-08-09	RE
German IPO candidates hope for post-summer debuts	23-07-26	RE
Sector Update: Tech Stocks Mixed Late Thursday	23-06-15	MT
Sector Update: Tech Stocks Mixed in Afternoon Trading	23-06-15	MT
OLB Group to Acquire Controlling Interest in Black011 Platform; Shares Rise	23-06-15	MT
The OLB Group, Inc. acquired a 80.1% stake in Cuentas SDI, LLC from SDI Black 011, LLC for $0.85 million.	23-06-14	CI
The OLB Group, Inc. acquired a 80.1% stake in SDI Black 011, LLC.	23-06-14	CI
Tranche Update on The OLB Group, Inc.'s Equity Buyback Plan announced on July 13, 2022.	23-05-15	CI
The OLB Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
Blackstone mulls sale of Dutch bank NIBC -sources	23-05-04	RE
Exclusive-Europe's banks ramp up bespoke loan trades to reduce risk	23-04-05	RE

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Company Profile

The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. Its eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,300 merchants in diversified market sectors in all 50 states. Its business functions through three subsidiaries, eVance, Inc. (eVance), OmniSoft.io, Inc. (OmniSoft), and CrowdPay.Us, Inc. (CrowdPay). OmniSoft operates a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses. eVance provides competitive payment processing solutions to merchants, which enable merchants to process credit and debit card-based internet payments for sales of their products. CrowdPay.US operates a white label capital raising platform that targets small and midsized businesses seeking to raise capital. DMint, a subsidiary of the Company, is engaged in the mining of Bitcoin in Tennessee.

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10:00am - Extraordinary Shareholders Meeting

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The OLB Group, Inc.

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OLB

US67086U3077

Internet Services

OLB Group Shares Rise on New Cryptocurrency Subsidiary

Latest news about The OLB Group, Inc.

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Sector Other Internet Services