Olenox Mines 15.63 Bitcoin in August with Average Hasrate of 1.03 EH/s

Olenox Industries Inc., a company focused on integrated energy and infrastructure solutions, has reported its second monthly operating update following its acquisition of CS Digital Ventures in May. In August, the company's mining operations mined approximately 15.63 Bitcoin, with an average operational hashrate of about 1.03 exahashes per second across its mining-pool accounts.

The realized hashrate during this period represented roughly 67% of the fleet's economic capacity, which was affected by seasonal heat-related curtailment and low-power-mode operation in Texas. Olenox's installed fleet currently consists of 9,584 current-generation S21-class ASIC miners, providing about 35 megawatts of installed capacity.

The company's strategy is to develop gas-powered digital infrastructure that targets power costs below $0.02/kWh. However, this target was not reflected in August's results, which are preliminary and unaudited.