Olenox Mines Over 15 Bitcoin in August as Energy-Powered Digital Strategy Gains Momentum

Olenox Industries has reported its second monthly operating update since acquiring CS Digital in May. In August, the company mined approximately 15.63 Bitcoin, achieving an average operational hashrate of around 1.03 EH/s.

This represents a significant milestone for Olenox as it continues to integrate energy production with next-generation computing infrastructure. The company's installed fleet consists of 9,584 current-generation S21-class ASIC miners, representing approximately 35 megawatts of installed capacity and about 2.19 EH/s of nameplate computing power.

Olenox's Chairman and CEO, Mike McLaren, commented on the achievement: 'August's production demonstrates the scale and operating capability Olenox added through the acquisition of CS Digital.' The company is targeting power costs below $0.02 per kilowatt-hour for its planned gas-powered digital infrastructure.