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However, the stock has gained 22.7% over the past five days, driven by the news of its wholly-owned subsidiary DMint, Inc.’s upcoming cryptocurrency data center launch. This development marks OLB’s entry into the green cryptocurrency industry. Its data centers are expected to begin crypto mining operations from mid-September. This should bring in an additional $3 million in revenues for OLB. However, given the operating costs of such green crypto mining data centers, OLB’s negative profit margins might worsen.
Here’s what could shape OLB’s performance in the near term:
