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, marking its second monthly operating update since acquiring CS Digital on May 28. The company achieved an average operational hashrate of approximately 1.03 exahashes per second (EH/s), representing about 67% of its fleet’s economic capacity. Seasonal heat-related curtailment and low-power-mode operation affected its Texas hosting operations, the company said.
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 infrastructure positions Olenox to scale its bitcoin mining activities as it integrates energy and digital asset operations.
Olenox said its 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. This approach could significantly reduce operational expenses and enhance profitability in the energy-intensive bitcoin mining sector.
The monthly update underscores Olenox’s progress since acquiring CS Digital, a move that expanded its footprint into digital asset mining. By leveraging its energy expertise, the company aims to create a vertically integrated model that combines oil and gas production with energy services and technologies. For investors, the August production figures provide tangible evidence of the company’s ability to generate revenue from its mining operations despite seasonal challenges.
The announcement is important because it demonstrates how traditional energy companies are increasingly pivoting toward powering digital infrastructure, particularly bitcoin mining, which demands substantial and reliable electricity. Olenox’s focus on using natural gas at or near the point of generation could serve as a blueprint for reducing costs and emissions in the mining industry. Moreover, the company’s dual focus on energy and digital assets may offer a hedge against volatility in either sector.
For full details, see the complete press release at https://ibn.fm/cf8Yw. Olenox Industries Inc. (NASDAQ: OLOX) 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.
The update was distributed via InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN. InvestorWire provides wire-grade press release syndication, editorial syndication to 5,000+ outlets, and social media distribution to help companies reach a wide audience.
