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. This marks the company's 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 at its Texas hosting facilities affected performance during the month.
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. Olenox's longer-term strategy focuses on using 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 lower operating costs and improve margins in the competitive Bitcoin mining industry.
For investors, the update provides insight into Olenox's operational efficiency and strategic direction. The company's ability to mine Bitcoin while managing power costs is crucial, especially as energy prices fluctuate. The focus on natural gas-powered infrastructure aligns with broader industry trends toward sustainable and cost-effective mining operations. As Olenox continues to scale its operations, its performance will be closely watched by shareholders and industry analysts.
The full press release is available at https://ibn.fm/cf8Yw. Olenox Industries is a vertically integrated energy company operating across oil and gas, energy services, and energy technologies, with a focus on acquiring and optimizing energy-related infrastructure across key U.S. markets. The company's newsroom can be accessed at Olenox Industries (NASDAQ: OLOX).
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