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OLB Group Surges After Starting Bitcoin Mining Operation
The company expects to have a total of 1,000 miners in operation at its newly installed data center by the end of 2021.
By Aoyon Ashraf
Updated May 11, 2023, 5:46 p.m. Published Oct 19, 2021, 2:03 p.m.
OLB Group’s (Nasdaq: OLB) share price jumped more than 10% on Tuesday after the e-commerce merchant service provider said its DMint unit started mining bitcoin with 100 Antminer S19j Pro mining machines.
- DMint expects to have a total of 1,000 miners in operation at its newly installed Bradford, Pennsylvania, data center by the end of the year.
- The company plans to have a total of 24,000 mining computers by the fall of 2023, with capacity to achieve 2.4 exahash per second hashrate.
- “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,” Chairman and CEO Ronny Yakov said in a statement.
- The move comes as bitcoin mining has been a very profitable business, given the cryptocurrency’s recent bull run. Recently, Wall Street firm D.A. Davidson said that the miners are “literally printing money” in the current market.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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