---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-048666"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:23:00.873759+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# OLB subsidiary buys Tenn. property for crypto mining data center; capacity up to 9,000 machines

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-048666
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2022-08-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390022048666/0001213900-22-048666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390022048666/ea164436-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-048666
- JSON: https://secwatch.observer/filing/0001213900-22-048666.json
- Plain text: https://secwatch.observer/filing/0001213900-22-048666.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.