Olenox Industries Sees Significant Growth in Revenue and Bitcoin Mining Operations

Olenox Industries (NASDAQ:OLOX) has reported significant growth and expansion of its integrated energy-to-compute platform in 2026. The company's revenue for the quarter ended June 30, 2026, reached approximately $2.1 million, a 194% increase from roughly $721,000 a year earlier.

Total assets rose about 78% to approximately $64.2 million since December 31, 2025, while stockholders' equity increased about 155% to roughly $19.4 million. The company's bitcoin-mining operations produced an average of about 17 bitcoin per month in June and July 2026, at an average gross value of roughly $72,000 per bitcoin.

Olenox is also conducting due diligence on a non-binding letter of intent to acquire Wildboy Holdings and IPD Industries. This potential acquisition could enable the company to establish a 20-megawatt bitcoin-mining and hosting facility, with longer-term development potential of 1-5 GW behind-the-meter generation.