M&A
confidence high
sentiment positive
materiality 0.55
OLB subsidiary buys Tenn. property for crypto mining data center; capacity up to 9,000 machines
OLB GROUP, INC.
- DMINT Real Estate Holdings purchased 4.73 acres and building at 565 Industrial Park Drive, Selmer, TN for $408,000.
- Facility to be converted into cryptocurrency mining data center powered by the local power grid.
- Expected capacity for up to 9,000 cryptocurrency mining machines.
- Purchase closed on August 16, 2022, per Contract for Sale of Realty filed as Exhibit 10.1.