OLB Group rises on bitcoin mining operation launch
19/10/2021 18:03
** Fintech company's shares OLB.O up 5.4% at $5.5
** Co initiates bitcoin mining with its first one hundred
Antminer S19j Pro cryptocurrency mining computers urn:newsml:reuters.com:*:nBwb1zPsja
** Anticipates having a total of 1,000 computers in
operation at its newly installed Bradford data center by the end
of 2021 and expects to reach 24,000 Bitcoin mining computers in
the next 24 months
** OLB Group will have the capacity for an additional $1.1
million in revenue monthly, assuming a base market price of
$45,000 per bitcoin, co says
** On Tuesday, the first U.S. bitcoin futures-based
exchange-traded fund began trading, sending bitcoin to a 6-month
high and within striking distance of its all-time peak
urn:newsml:reuters.com:*:nL1N2RF0EB
** OLB stock up 10.5% YTD
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))