Olenox Industries Mined 18.6 Bitcoin in First Monthly Update After CS Digital Acquisition

Olenox Industries (NASDAQ: OLOX) released its first monthly operating update following the acquisition of CS Digital Ventures, reporting the production of approximately 18.6 bitcoin during May 2026 and an average operational hashrate of roughly 1.30 EH/s. The announcement marks a significant milestone as the company integrates CS Digital's data center operations with its existing energy infrastructure.

According to the update, Olenox's mining 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. Operations are currently conducted through third-party hosting facilities drawing power from the ERCOT grid. The company noted that May production reflected planned summer curtailment and low-power-mode operations designed to protect equipment during periods of high heat in Texas, which is typical for mining operations in the region during summer months.

The long-term strategy outlined by Olenox is to combine its natural gas assets with CS Digital's data center operations to develop off-grid, gas-powered facilities targeting all-in power costs below $0.02 per kWh. This approach aims to reduce reliance on grid power and mitigate the impact of energy price volatility. The acquisition of CS Digital was completed on May 28, 2026, positioning Olenox to leverage the expertise and assets of both companies.

Olenox Industries is a vertically integrated energy company operating across oil and gas, energy services, and energy technologies. The company focuses on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. This update provides investors with a first look at the combined entity's mining capabilities and strategic direction.

The news is important as it demonstrates Olenox's ability to generate bitcoin production immediately after the acquisition, despite seasonal challenges. The planned curtailment during high heat periods indicates a focus on equipment longevity and operational efficiency. Additionally, the strategy to develop off-grid, gas-powered facilities with low power costs could provide a competitive advantage in the bitcoin mining industry, where energy expenses are a major factor. For more details, the full press release is available at https://ibn.fm/XrzkI.

As the company integrates CS Digital's operations, stakeholders will be watching for further updates on hashrate growth, power cost reductions, and the development of gas-powered mining sites. The next monthly update will likely provide more insight into the progress of these initiatives and the impact on overall production.