secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001213900-22-048666
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022048666/0001213900-22-048666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022048666/ea164436-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-048666

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