OLB Group Announces Public S-1 Filing for Proposed Spin-off of DMint, a Wholly Owned Bitcoin Mining Subsidiary

Shareholders of Record Date for DMint Stock Dividend to Be Announced at Later Date

New York, NY – 10/21/2024 – OLB Group, Inc. (Nasdaq: OLB), a diversified FinTech e-commerce and business management solutions provider, announced today it has filed a Form S-1 with the Securities and Exchange Commission (the “SEC”), relating to the proposed spinoff of its wholly owned subsidiary, DMint, a Bitcoin mining facility, to OLB shareholders. Shareholders of record on the to-be-announced date will receive shares in the newly independent DMint.  The shareholder record date for the spinoff has yet to be determined and will be announced at a future date.

DMint operates as a dedicated Bitcoin mining facility in Selmer, TN with a focus on sustainability and efficiency. The spinoff will allow DMint to operate independently, providing shareholders with direct exposure to the fast-evolving cryptocurrency sector.  The company employs advanced technology and energy-efficient strategies to enhance mining productivity while minimizing environmental impact.

We believe the public filing of the S-1 represents a significant milestone in the spinoff process, underscoring OLB’s commitment to delivering value to its shareholders through innovative strategies and cutting-edge ventures in the digital currency space.