Olenox Industries Reports July Bitcoin Production and Hasrhate Figures
Olenox Industries Inc., a vertically integrated U.S. energy company, has reported its second monthly operating update as a combined, energy-led digital infrastructure platform.
The company's July production highlights include approximately 15.13 BTC credited to the Company's mining pool accounts during July 1-31, with an average operational hashrate of approximately 1.02 EH/s realized across the Company's mining pool accounts during the period.
Olenox's fleet utilization was 64% of the fleet's economic capacity during the period, reflecting planned summer curtailment, low-power-mode operation and normal equipment availability.
The company's strategy is to convert Olenox's natural gas into compute at the point of generation, targeting power costs below $0.02 per kWh, which is not reflected in the current period's results.