The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced the formation of DMint, Inc, a wholly-owned subsidiary of OLB (“DMint”) that will commence mining cryptocurrency in 2021. The operations plan for DMint to build out data centers and utilize ASIC machines to mine cryptocurrency with underutilized energy in accordance with ESG standards.
OLB’s Chief Executive Officer Ronny Yakov stated, “DMint will strategically enter the cryptocurrency mining business, using a cost efficient and green business model, which will significantly enhance OLB revenues. This new revenue source will also fuel new services and opportunities for our small- and medium-sized merchants.”
OLB Group believes that cryptocurrency will have a major impact in the payment industry and wants to be at the center of it. By starting our cryptocurrency mining subsidiary, OLB Group will be able to provide additional services to its existing merchant base.