other material
confidence high
sentiment neutral
materiality 0.50
OLB Group grants options for 767,918 shares to Cai Energy for exclusive natural gas supply for crypto mining
OLB GROUP, INC.
- Exclusive agreement with Cai Energy Blockchain to procure natural gas from Farmers Valley Lease wells.
- Compensation: immediately vested options to purchase 767,918 shares at $0.0001 per share, 10-year term, cashless exercise.
- Natural gas will support OLB's newly launched cryptocurrency-related business.
- OLB not obligated to enter final gas supply agreement; fee only owed if executed.