The OLB Group, Inc. Q4 FY2021 earnings call

• Total revenues saw an 82% increase from 2020 to 2021, largely due to acquisitions. - Acquired CAI Energy in August 2021, which provided access to natural gas for Bitcoin miners, and created DMint subsidiary for Bitcoin mining with $10M investment. - In the fourth quarter, acquired a CBD portfolio, increasing merchant base and processing volume. - Launched SecurePay payment gateway, working on BitLicense for Oilbit related to cryptocurrency services, and integrated Crowd Ignition for crowdfunding. - Created a Q&A section on their website for users to post questions.

Total revenues for the year ended December 31, 2021 increased by about $6.9 million to $16.7 million. The majority of this increase was from transaction and processing fees, which went up to $15.8 million from $7.5 million the prior year. Total assets increased about $30.4 million to $40.6 million at year end, mainly due to an increase in property and equipment and intangible assets. The CBD acquisition increased the merchant base from about 8,500 to around 10,500 and merchant processing volume to a run rate of around $1.3 billion. For the Bitcoin mining segment, they invested close to $10 million in fixed machines, with operations in Bradford, Pennsylvania, and the facility near Bradford Airport.

• Excited about future revenue growth and profitability. - Bitcoin mining operation is on track with machines running. - Plans to roll out new services like those related to Blockchain, loans for small merchants, and defy financing products.

• Forward-looking statements subject to risks such as impact of COVID-19 on operations and financial condition. - Uncertainty in implementing proprietary merchant boarding and CRM system, Omni Commerce and SecurePay applications. - Risk in successfully launching cryptocurrency mining operation and earning revenue from new operations. - Risks related to factors outside control that could materially differ actual results from forward-looking statements.

Q: Any questions for the call?

A: If you'd like to ask a question, please email them directly to our management team. We'd like to answer that.