Olenox's Bitcoin Fleet Runs at 64% Capacity in July Due to Summer Curtailment

Olenox Industries (NASDAQ:OLOX) reported its second monthly operating update for its acquired mining platform, CS Digital Ventures. The company's July production of approximately 15.13 BTC was credited to Olenox's mining pool accounts.

The average operational hashrate during the month was around 1.02 EH/s. However, this represents only about 64% of the fleet's economic capacity due to planned summer curtailment and low-power mode operation.

Olenox highlighted its forward strategy to convert its low-cost natural gas into compute at the point of generation, targeting power costs below $0.02 per kWh. This target is not yet reflected in these results.