Olenox Industries Reports 15.13 Bitcoin Mined in July, Showcasing Strategic Energy-to-Compute Transition
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Olenox Industries (NASDAQ: OLOX), a vertically integrated U.S. energy company, has announced the mining of approximately 15.13 Bitcoin during July 2026. This production came from the operations of CS Digital Ventures LLC, which Olenox acquired on May 28, 2026. The company reported an average operational hashrate of approximately 1.02 EH/s, representing about 64% of its fleet's economic capacity. This figure reflects planned summer curtailment, low-power-mode operations, and normal equipment availability.
The company's installed fleet consists of 9,584 current-generation S21-class ASIC miners, representing approximately 35 MW of installed capacity and 2.19 EH/s of nameplate hashrate. July production was generated at third-party hosting facilities drawing power from the ERCOT grid, and does not reflect Olenox's forward strategy of converting its natural gas into compute at the point of generation.
Olenox's approach to Bitcoin mining is notably strategic. The company said summer operations include deliberate weather-driven curtailment and low-power mode to reduce power consumption and the risk of heat-related hardware failures, resulting in temporarily lower hashrate and Bitcoin production. This decision underscores the company's commitment to operational efficiency and asset longevity, particularly in the heat-prone Texas environment.
Looking ahead, Olenox expects to provide monthly production updates in the early part of each month. These updates will be crucial for investors and industry observers tracking the company's progress as it scales its operations and integrates its energy and computing capabilities.
Olenox Industries is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. This recent Bitcoin production report is a testament to the company's ability to leverage its energy assets into the growing digital asset space, a move that could have significant implications for the energy sector in Texas and beyond.
For more information, visit the full press release at https://ibn.fm/kLMsr and the company's newsroom at https://ibn.fm/OLOX.