Olenox Industries Reports June Bitcoin Production Amid Summer Operational Challenges

Olenox Industries (NASDAQ: OLOX), a vertically integrated U.S. energy company, reported preliminary June Bitcoin production of approximately 14.92 BTC from the operations of CS Digital Ventures, with an average operational hashrate of approximately 1.06 EH/s. The company said fleet utilization was approximately 67% of economic capacity during the month as elevated temperatures increased low-power-mode operation and curtailment events at its Texas hosting site.

The month-over-month decline in production was driven by seasonal operating conditions, including more frequent curtailments and expanded low-power-mode operation to protect mining equipment during periods of high ambient heat. Olenox expects fleet utilization and Bitcoin production to remain sensitive to summer temperatures before improving as conditions moderate later in the year, while continuing to advance its strategy of converting natural gas into compute at the point of generation.

This update provides insight into how external factors like weather can directly affect Bitcoin mining output, an important consideration for investors evaluating the operational risks of publicly traded mining companies. Olenox's strategy of vertical integration and on-site energy conversion aims to mitigate some of these risks, but the June figures underscore the challenges posed by seasonal conditions.

For the full press release, visit https://nnw.fm/AG6WQ. More information about Olenox Industries is available at their newsroom: https://nnw.fm/OLOX.

Olenox Industries Inc. 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.

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