OLB Group rises on launch of bitcoin mining data centers

OLB

26/10/2021 14:55

** Fintech company OLB Group Inc's shares  OLB.O  up ~6.9%
at $4.75 
    ** OLB announces launch of 5 bitcoin data centers on Tuesday
and subsidiary DMint adds of 500 antminer S19J pro
cryptocurrency ASIC mining computers  urn:newsml:reuters.com:*:nFWN2RM154 
    ** Co initiated bitcoin mining last week on Oct. 19 with 100
computers  urn:newsml:reuters.com:*:nL4N2RF3OI
    ** Expect up to $1.17 mln in additional revenue per month
with 1,000 computers added alongside existing offerings - co 
    ** Both the brokerages covering the stock rate it "buy" and
higher; their median PT is $12 - Refinitiv data
    ** Stock has fallen 3.6% this year, including session gains

 (Reporting by Bansari Mayur Kamdar)
 ((BansariMayur.Kamdar@thomsonreuters.com;))