The OLB Group, Inc. Q2 FY2023 earnings call

• The company has over 10,000 merchants in 50 states with no client base concentration. - DMint facility in Selmer, Tennessee purchased last year, with Phase 1 being 5 megawatts (1000 machines) and Phase 2 aiming for 15 megawatts additional to reach 20 megawatts. - Spinoff plans: Completed 2021, 2022 year-end financials, Q1 and Q2 near completion, spinoff shares to be dividend to shareholders post-Labor Day. - Core business includes e-commerce platform, secure gateway, CrowdPay crowdfunding platform, eVance merchant service platform. - Owns 80% of a company providing mobile services and is in partnership with Income, the largest company in its space.

The company has diversified revenue from FinTech and Bitcoin mining. In Q2 2023, revenue was $8.3 million, down 0.3% from previous quarter and $28,000 from last year. Run rate revenue is around $33 million. Mining revenues are projected at $30 million to $35 million monthly once all 1000 miners are up and running, based on Bitcoin price at $30,000. Revenue contribution from different segments isn't explicitly broken down by percentage but is diversified between FinTech and mining.

• Spinoff shares to be dividend to shareholders post-Labor Day. - Run rate revenue is around $33 million, not including mining revenues once all miners are up. - Mining revenues projected at $30 million to $35 million monthly once 1000 miners are fully operational.

• Uncertainties in power certification for mining facilities to get miners online. - Financing for additional miners (4000) may involve debt or existing finance, dependent on various variables. - Market valuation is extremely low, which could pose risks.

Q: About miners running A: Around 250 miners running now, 753 miners going to be online once power is completed and certified by local electrical authority, anticipating before year-end Q: About financing for miners A: Finance for 4000 miners could be debt financing or existing financial, dependent on price and other variables