Thursday, 17 September 2026 09:00 AM
Earnings
Company's 9,584-unit mining fleet delivers average operational hashrate of approximately 1.03 EH/s as Olenox continues integrating energy production with next-generation computing infrastructure
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
[email protected]
Media Contact
Rona Menashe
Guttman Associates PR & Marketing
[email protected]
SOURCE: Olenox Industries Inc.