OLB Group FY2022 revenue up 81.7% to $30.4M; Bitcoin mining spinoff planned

OLB GROUP, INC.

Total revenue $30.4M vs $16.7M in 2021, an 81.7% increase.
Fintech Services segment revenue $29.6M; Cryptocurrency Business $726k.
Processing and servicing costs $23.2M, up 71.8%; G&A $4.5M, up 88.1%.
Transaction volume annualized run rate $1.2B; 12.9M transactions processed in 2022.
Company debt-free; transferred 1000 ASIC miners to Tennessee facility; plans spinoff of DMint.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLB GROUP, INC. reported the fiscal year ended December 31, 2022 results: revenue $30,368,979.

Period: the fiscal year ended December 31, 2022
Revenue: $30,368,979
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, we had total revenue of $30,368,979 compared to $16,710,759 of revenue for the year ended December 31, 2021, an increase of $13,658,220 or 81.7%.

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OLB GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-024540

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