Olenox Industries Targets Bitcoin Mining Fleet Expansion and 75% Reduction in Electricity Costs with Texas Energy Platform

Olenox Industries Inc. (NASDAQ: OLOX), a vertically integrated U.S. energy company, has outlined a three-phase strategy to expand its Bitcoin mining operations by developing lower-cost, self-generated electricity, potentially relocating existing mining equipment and increasing its fleet from approximately 9,700 to 20,000 miners. The company is evaluating its Wildboy natural-gas platform in British Columbia and its Pecos-area energy platform in Texas as potential sites for power generation and mining operations, according to a press release issued via InvestorWire.

The strategy calls for establishing lower-cost power generation, potentially relocating existing Texas-based miners to company-powered facilities, and subsequently expanding the mining fleet. Olenox is targeting electricity costs of approximately $0.015 per kilowatt-hour, compared with its current rate of approximately $0.06, representing a potential 75% reduction in electricity rates if achieved on a comparable, all-in delivered-cost basis. The company estimates that achieving its contemplated mining power capacity would require deploying additional generators to reach 75 megawatts.

For Texas, the announcement signals potential economic implications for the state's energy and digital infrastructure sectors. Olenox's Pecos-area energy platform is one of two sites under evaluation for power generation and mining operations. If the company proceeds with relocating its existing Texas-based miners to company-powered facilities, it could reinforce Texas's position as a hub for Bitcoin mining and energy-intensive computing, while demonstrating a model that pairs natural gas production with digital infrastructure.

Olenox emphasized that its electricity cost and fleet expansion targets are not yet achieved and remain contingent on substantial financing, infrastructure development, equipment procurement and successful project execution. The projected reduction in electricity rates does not necessarily translate into a corresponding increase in profitability. These caveats are important for readers assessing the potential impact: the strategy is at an evaluation stage, and the contemplated outcomes depend on securing capital and executing complex infrastructure projects.

The company is focused on acquiring, optimizing and scaling energy-related infrastructure and operating assets, with a strategic focus on bringing low-cost natural gas to high-value end uses, including digital infrastructure and next-generation computing. The full press release is available through https://ibn.fm/tXoW5.

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