Olenox Industries Mines 15.63 Bitcoin in August, Eyes Sub-$0.02/kWh Power in Texas

Olenox Industries (NASDAQ: OLOX), an integrated energy and infrastructure company, announced that its CS Digital Ventures operations mined approximately 15.63 Bitcoin during August 2026. This marks the company's second monthly operating update since acquiring CS Digital on May 28. The results highlight the growing intersection of energy production and digital asset mining, a sector that is becoming increasingly important to Texas' economy and energy infrastructure.

Olenox achieved an average operational hashrate of approximately 1.03 exahashes per second (EH/s), representing about 67% of its fleet's economic capacity. The company noted that seasonal heat-related curtailment and low-power-mode operation affected its Texas hosting operations. Such curtailment is a common practice in Texas, where miners voluntarily reduce power consumption during peak demand periods to support grid stability. This demonstrates how digital asset mining can be flexible and responsive to the needs of the energy grid.

The installed fleet consists of 9,584 S21-class ASIC miners, representing approximately 35 megawatts of installed capacity and about 2.19 EH/s of nameplate computing power. This substantial infrastructure investment underscores the scale of operations and the potential for significant economic impact in the regions where Olenox operates.

Olenox's longer-term strategy is to use company-controlled natural gas to power computing infrastructure at or near the point of generation, with a target of power costs below $0.02 per kilowatt-hour for its planned gas-powered digital infrastructure. If successful, this approach could revolutionize the economics of Bitcoin mining and other energy-intensive computing activities, making Texas an even more attractive destination for such operations. By leveraging natural gas that might otherwise be flared or stranded, Olenox aims to create a more sustainable and cost-effective model for digital infrastructure.

For investors and industry observers, this update provides insight into Olenox's operational performance and strategic direction. The company's ability to maintain a significant portion of its fleet's economic capacity despite seasonal challenges speaks to its operational resilience. The focus on integrating energy production with computing infrastructure could set a precedent for other energy companies looking to diversify revenue streams and capitalize on the growing demand for digital assets.

To view the full press release, visit https://ibn.fm/cf8Yw.

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