Olenox Industries (NASDAQ: OLOX) reported its first monthly operating update following the acquisition of CS Digital Ventures, announcing production of approximately 18.6 bitcoin during May 2026 and an average operational hashrate of approximately 1.30 EH/s. The company said its mining fleet consists of 9,584 current-generation S21-class ASIC miners representing approximately 35 MW of installed capacity and 2.19 EH/s of nameplate hashrate, with operations currently conducted through third-party hosting facilities drawing power from the ERCOT grid.
Olenox said May production reflected planned summer curtailment and low-power-mode operations designed to protect equipment during periods of high heat in Texas. The company noted that its long-term strategy is to combine Olenox’s natural gas assets with CS Digital’s data center operations to develop off-grid, gas-powered facilities targeting all-in power costs below $0.02 per kWh, following the completion of its acquisition of CS Digital on May 28, 2026.
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About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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