DMint Separation Moves Forward: OLB Group Charts Path to Bitcoin Mining Spinoff

OLB Group, Inc. (NASDAQ:OLB) has issued a shareholder communication detailing the latest milestones in its pursuit of separating DMint, Inc., its Bitcoin mining subsidiary, into an independent publicly traded entity.

SEC Clears Major Hurdle in DMint Spinoff Timeline

In a significant development dated February 24, 2025, the U.S. Securities & Exchange Commission’s Division of Corporation Finance and Office of Crypto Assets signaled no outstanding objections to OLB Group’s Form S-1 Registration Statement. This marks a crucial validation point, though the SEC’s review continues pending receipt of audited financial statements as of December 31, 2024—expected to be submitted before March 31, 2025.

The green light from regulators eliminates one of the primary bottlenecks that shareholders have been monitoring closely. Market participants have grown increasingly curious about the timeline for the DMint spinoff, and this regulatory signal provides renewed confidence in the process’s viability.

Roadmap to Independence: Three Critical Steps Remaining

For DMint to achieve standalone status, OLB Group must execute the following priorities:

Filing Updated Financial Records — Completion of the December 31, 2024 audited financial statements represents the immediate next phase, scheduled for submission prior to the March 31 deadline.

NASDAQ Compliance — Beyond SEC approval, the exchange must formally clear the separation structure and listing requirements for the newly independent entity.

Shareholder Distribution Details — Once regulatory and exchange approvals materialize, OLB will announce the official record date on which existing shareholders become eligible to receive DMint shares.

About the Key Players in This Separation

DMint, Inc.: Positioned as a dedicated Bitcoin mining operation and wholly owned OLB subsidiary, DMint operates mining infrastructure in Tennessee powered by sustainable hydroelectric and solar energy sources. This focus on renewable energy differentiates its operational model within the competitive mining landscape.

The OLB Group, Inc.: Beyond its DMint holdings, OLB Group functions as a diversified Fintech and eCommerce merchant services enterprise. The company operates the MOOLA CLOUD platform, which serves a retail distribution network spanning 31,600 locations across convenience stores and bodegas, and delivers cloud-based payment processing solutions across all fifty states.

Forward-Looking Considerations

Shareholders should recognize that completion timelines remain subject to regulatory environments, market conditions, and potential unforeseen obstacles. While management has expressed confidence in the spinoff pathway, actual execution may differ from current expectations based on factors detailed in OLB’s most recent SEC filings.

Interested parties can register for official updates on the spinoff’s progress through OLB Group’s investor relations channels.

Media & Investor Contact: DMint Investor Relations | Rick Lutz ir@Dmint.com | (212) 278-0900 Ext. 333