secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2022-01-13T23:59:59+00:00
Accession:  0001213900-22-001844
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OLB Group subsidiary leases 10,000 sq ft facility in Bradford, PA for up to 2,000 Bitcoin mining machines
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022001844/0001213900-22-001844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022001844/ea153841-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-001844

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