Olenox Industries Mines 18.6 BTC in May, Hits 81% Utilization on 35 MW Fleet

In May 2026, Olenox Industries mined approximately 18.6 BTC credited to its pool accounts, achieving an average hashrate of 1.30 EH/s and 81% fleet utilization across 9,584 S21-class ASIC miners representing 35 MW of installed capacity. These preliminary, unaudited figures are shown net of mining-pool fees and before settlement of hosting profit-share amounts.

The majority of the mining fleet operates under profit-share agreements with third-party hosts, settled either directly at the mining-pool level or via monthly invoices covering power, management fees, and profit-share components. Reported production and hashrate reflect output credited to Olenox's pool accounts prior to deduction of hosting costs, which will be finalized in future reports.

Olenox implemented planned summer curtailment and low-power-mode operations at its Texas hosting site to mitigate heat-related hardware risk and optimize power use with grid conditions. This approach is expected to reduce hashrate and Bitcoin production temporarily in exchange for improved fleet longevity, reduced downtime, and disciplined power consumption during high-heat months.

On May 28, 2026, Olenox completed the $30 million acquisition of CS Digital, funded with $14 million in Series D preferred stock and a $16 million unsecured promissory note, plus warrants for 1.5 million common shares. The combined platform targets sub-$0.02/kWh power costs by converting Olenox’s natural gas into compute at the point of generation and will provide monthly production updates.