Olenox announces monthly bitcoin production for first time after acquiring CS Digital

Olenox Industries Inc. ( OLOX ) has announced its bitcoin production for May 2026, the first monthly operating update the company has released since it completed its acquisition of CS Digital Ventures on May 28, 2026.

The company mined approximately 18.6 Bitcoins in May, and the average operating computing power of its mining pool account was 1.30 EH/s. Actual hashrate during the period represented approximately 81% of the pool’s economic hashrate, reflecting planned production reductions and low-power operating modes over the summer.

Olenox operates 9,584 current-generation S21-class ASIC mining rigs with a total installed capacity of approximately 35 MW, which are located in third-party hosting facilities and powered by the ERCOT grid. The mining machine has a rated computing power of approximately 2.19 EH/s and a comprehensive hardware efficiency of approximately 16 J/TH.

The company acquired CS Digital for an upfront payment of $30 million, consisting of $14 million in newly issued Series D preferred stock and a $16 million unsecured promissory note. Additional consideration includes warrants to purchase 1.5 million shares of common stock and up to $20 million in additional preferred stock upon the company reaching revenue and EBITDA milestones.

CS Digital contributes approximately 35 MW of installed capacity, with 2025 revenue of $20.6 million and 2025 EBITDA of $6.2 million, according to a company statement.

Most of Olenox's mining machines operate on a profit-sharing model with hosting providers rather than fixed hosting fees. During the summer, the company plans to enable a low-power mode to protect the hardware from hot weather, which is expected to temporarily reduce hashrate and Bitcoin production.