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confidence high
sentiment positive
materiality 0.65
OLB Group subsidiary leases 10,000 sq ft facility in Bradford, PA for up to 2,000 Bitcoin mining machines
OLB GROUP, INC.
- DMINT subsidiary signed 5-year leases for two cells totaling 10,000 sq ft at Bradford Regional Airport Authority building, with monthly rents of $1,666.67 and $2,500.
- Facility will house up to 2,000 Antminer S19j PRO machines, powered by local grid and natural gas; second data center for OLB's mining operations.
- Company anticipates using debt financing for additional mining machine capital investment.
- Total rent over lease term is $250,000, with $8,767.85 security deposit.