Olenox Industries Mines 15.63 BTC in August as Energy-Powered Digital Infrastructure Strategy Advances

Olenox Industries Inc., an integrated energy and infrastructure company, has reported its second monthly operating update since acquiring CS Digital Ventures LLC in May. In August, Olenox's mining fleet delivered a significant amount of Bitcoin production, with approximately 15.63 BTC mined during the month.

The Company's 9,584-unit mining fleet achieved an average operational hashrate of about 1.03 EH/s across its mining-pool accounts in August. This represents roughly 67% of the fleet's economic capacity, which was affected by seasonal heat-related curtailment and low-power-mode operation at the Texas hosting facilities.

Mike McLaren, Chairman and Chief Executive Officer of Olenox, commented on the results: 'August's production demonstrates the scale and operating capability we added through the acquisition of CS Digital.' The Company is integrating its energy assets with next-generation computing infrastructure to create a powerful foundation for digital infrastructure and AI-driven applications.

Olenox aims to convert its controlled natural gas into computing power at or near the point of generation, targeting power costs below $0.02 per kilowatt-hour for its planned gas-powered digital infrastructure.