Olenox Industries Reports 15.63 Bitcoin Mined in August as Company Advances Energy-Powered Digital Infrastructure Strategy

Olenox details August Bitcoin production and current mining fleet scale while outlining a low-cost, gas-powered digital infrastructure strategy.

Rhea-AI Summary

Olenox Industries (OLOX) reported that its CS Digital Ventures operations mined approximately 15.63 Bitcoin in August 2026.

During the month, the company achieved an average operational hashrate of about 1.03 EH/s, representing roughly 67% of the fleet’s economic capacity, with performance affected in part by seasonal heat-related curtailment and low-power-mode operation in Texas. Olenox’s installed fleet totals 9,584 S21‑class ASIC miners, providing about 35 MW of capacity and 2.19 EH/s of nameplate computing power at a blended efficiency of approximately 16 J/TH. The company’s strategy is to develop gas-powered digital infrastructure targeting power costs below $0.02/kWh, though this target was not reflected in August results.

Positive

• 15.63 Bitcoin mined in August 2026 from CS Digital operations
• Average operational hashrate of 1.03 EH/s during August 2026
• Installed fleet of 9,584 S21-class ASIC miners with 2.19 EH/s nameplate power and 35 MW capacity
• Blended hardware efficiency of approximately 16 J/TH across the mining fleet
• Targeted future power costs below $0.02/kWh for gas-powered digital infrastructure

Negative

• Realized hashrate at only 67% of fleet economic capacity in August, partly due to curtailment and low-power operation
• Targeted sub-$0.02/kWh power cost is forward-looking and not reflected in August operating results
• August production figures are preliminary, unaudited and subject to final operational and financial review

News Explained

Olenox's August 2026 Bitcoin production update remains preliminary and unaudited: output is net of mining-pool fees, while certain third-party hosting expenses and profit-sharing amounts are accounted for separately and were not finalized, leaving the month's reported economics unsettled pending final operational and financial review.

Market Context

The comparable June 2026 Bitcoin-production update was followed by a 2.94% gain, providing a direct ...

Analysis

The comparable June 2026 Bitcoin-production update was followed by a 2.94% gain, providing a direct operating precedent for this August report; the current market snapshot remained pre-publication.

Key Figures

Bitcoin mined: 15.63 BTC Average operational hashrate: 1.03 EH/s Realized hashrate: 67% +5 more

Bitcoin mined

15.63 BTC

August 2026 production

Average operational hashrate

1.03 EH/s

August 2026

Realized hashrate

67%

Of fleet economic capacity during August

Installed miners

9,584 S21-class ASIC miners

Current installed fleet

Installed capacity

35 MW

Current fleet capacity

Nameplate computing power

2.19 EH/s

Current installed fleet

Hardware efficiency

16 J/TH

Blended fleet efficiency

Targeted power cost

<$0.02 per kilowatt-hour

Planned gas-powered digital infrastructure; not reflected in August results

Previous Crypto Reports

1 past event · Latest: Jul 16

Same Type 1 event

1. Jul 16

   June Bitcoin production

   24h Move

   +2.9%

   Reported preliminary June production from CS Digital with 14.92 BTC and 1.06 EH/s.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

exahashes per second, asic, mining-pool accounts

3 terms

exahashes per second technical

"average operational hashrate of approximately 1.03 exahashes per second"

A measurement of computational speed equal to one quintillion (10^18) cryptographic hash calculations per second, commonly used to describe the processing power of cryptocurrency mining networks or mining fleets. It matters to investors because higher exahashes-per-second indicate greater mining capacity and network security, and they help gauge potential mining revenue, competitive scale, and capital intensity — like comparing how many workers a factory can run per shift.

asic technical

"9,584 current-generation S21-class ASIC miners"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

mining-pool accounts technical

"hastrate credited to the Company's mining-pool accounts"

Accounts used by cryptocurrency mining pools to collect, hold, and sometimes distribute the coins or tokens earned by the pool’s participants. Like a community mailbox that receives all the mail before members pick up their share, these accounts show where newly created or mined digital assets are concentrated, which can affect market supply, custody risk, and transparency for investors watching token flows. They matter because large balances or frequent transfers from these accounts can influence price and liquidity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CONROE, TX / ACCESS Newswire / September 17, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), an integrated energy and infrastructure company, today announced that its CS Digital Ventures, LLC ("CS Digital") operations mined approximately 15.63 Bitcoin during August 2026.

The results represent Olenox's second monthly operating update following its May 28, 2026 acquisition of CS Digital and reflect the Company's continued progress in building an integrated platform connecting energy production, digital infrastructure and next-generation computing.

During August, Olenox achieved an average operational hashrate of approximately 1.03 exahashes per second ("EH/s") across the Company's mining-pool accounts. Realized hashrate represented approximately 67% of the fleet's economic capacity during the reporting period, reflecting in part seasonal heat-related curtailment and low-power-mode operation at the Company's Texas hosting operations.

Olenox's installed fleet currently consists of 9,584 current-generation S21-class ASIC miners representing approximately 35 megawatts of installed capacity and approximately 2.19 EH/s of nameplate computing power. The fleet operates at a blended hardware efficiency of approximately 16 joules per terahash ("J/TH").

"August's production demonstrates the scale and operating capability Olenox added through the acquisition of CS Digital," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "We are establishing consistent monthly reporting while continuing to integrate CS Digital's mining expertise with Olenox's broader energy platform. Our long-term opportunity extends beyond Bitcoin production alone. We believe the combination of our energy assets, operating infrastructure and access to low-cost natural gas can create a powerful foundation for digital infrastructure and next-generation computing."

Bitcoin production reported for August was generated at third-party hosting facilities drawing power from the ERCOT electrical grid. The Company's longer-term strategy is to convert Olenox-controlled natural gas into computing power at or near the point of generation, with the goal of lowering energy costs, monetizing available gas resources and expanding into additional high-value computing applications.

Olenox is targeting power costs below $0.02 per kilowatt-hour for its planned gas-powered digital infrastructure. This targeted cost reflects the Company's forward strategy and was not represented in its August operating results.

"We see a significant opportunity to transform energy that may otherwise be constrained, stranded or underutilized into a productive resource for computing," McLaren added. "By bringing power generation and computing infrastructure closer together, Olenox is working toward a more efficient and economically compelling operating model-one that can support Bitcoin mining today and broader digital and AI-driven infrastructure opportunities in the future."

The Company expects to continue providing Bitcoin production and operating updates during the early part of each month, consistent with reporting practices across the digital-asset mining industry.

The majority of Olenox's mining fleet is currently operated at third-party hosting facilities under profit-sharing arrangements. August production and hashrate figures reflect Bitcoin and hashrate credited to the Company's mining-pool accounts. Certain hosting expenses and profit-sharing amounts are accounted for separately and, where applicable, had not been finalized as of the date of this release.

All August production figures are preliminary, unaudited and subject to final operational and financial review. Reported Bitcoin production is net of mining-pool fees.

About Olenox Industries Inc.

Olenox Industries Inc. (NASDAQ:OLOX) is an integrated energy and infrastructure company focused on acquiring, developing and operating assets across the oil and natural gas, energy services, power generation, modular infrastructure and digital-compute sectors. Through its subsidiaries, Olenox is building a vertically integrated platform designed to connect energy resources with power-intensive infrastructure while delivering engineered and modular solutions across industrial markets.

Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," "potential" or similar expressions generally identify forward-looking statements.

These forward-looking statements include, without limitation, statements concerning future Bitcoin production and operating updates; the integration of CS Digital's operations with Olenox's energy assets; the anticipated benefits of the CS Digital acquisition; the development and scaling of gas-powered digital infrastructure; targeted power costs; the monetization of stranded, constrained or underutilized natural gas; expansion into digital infrastructure, artificial intelligence and next-generation computing applications; and the Company's future business, operations and financial performance.

Forward-looking statements are based on current estimates, expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, among others, volatility in Bitcoin prices and network difficulty; changes in mining economics; the Company's ability to successfully integrate CS Digital's operations; the availability, cost and reliability of electrical power and natural gas; the availability and terms of hosting arrangements; equipment performance and fleet utilization; volatility in commodity and electricity prices; regulatory developments; the Company's ability to secure financing and execute its growth strategy; the Company's ability to successfully develop its energy, power-generation and digital-infrastructure projects; the Company's ability to maintain compliance with Nasdaq listing requirements; and the other risks described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

Readers are cautioned not to place undue reliance on forward-looking statements. The information in this release is provided only as of its date, and Olenox undertakes no obligation to update any forward-looking statement except as required by law.

Contacts

Investor Relations
investors@olenox.com

Media Contact
Rona Menashe
Guttman Associates PR & Marketing
Rona@GuttmanPR.com

SOURCE: Olenox Industries Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Olenox’s realized hashrate in August equal only 67% of its economic capacity?

Realized hashrate represented approximately 67% of the fleet’s economic capacity because operations were partly affected by seasonal heat-related curtailment and low-power-mode operation at the company’s Texas hosting facilities.

Where are Olenox’s current Bitcoin mining operations hosted and what powers them?

August Bitcoin production was generated at third-party hosting facilities that draw power from the ERCOT electrical grid, with production and hashrate figures reflecting Bitcoin and hashrate credited to the company’s mining-pool accounts.

What is Olenox’s longer-term strategy for its digital infrastructure and energy usage?

The company’s longer-term strategy is to convert Olenox-controlled natural gas into computing power at or near the point of generation to lower energy costs, monetize gas resources and expand into additional high-value computing applications, including broader digital and AI-driven infrastructure opportunities.

How are hosting expenses and profit-sharing treated in Olenox’s August Bitcoin production figures?

The majority of the mining fleet is operated at third-party hosting facilities under profit-sharing arrangements. August production and hashrate figures reflect Bitcoin and hashrate credited to Olenox’s mining-pool accounts, while certain hosting expenses and profit-sharing amounts are accounted for separately and, where applicable, had not been finalized as of the date of the announcement.

How will Olenox report its Bitcoin production going forward?

The company expects to continue providing Bitcoin production and operating updates during the early part of each month, in line with reporting practices across the digital-asset mining industry.