Olenox Reports 18.6 Bitcoin Mined in May, First Post-Acquisition Update
OLOX has more than doubled off its 52-week low of $4.1.
Summary
Olenox reported its first monthly Bitcoin production for May 2026, mining 18.6 BTC with an average operational hashrate of 1.30 EH/s. This follows the recent completion of the $30 million CS Digital Ventures acquisition on May 28th, marking a significant strategic shift for the company. The May figures reflect seasonal curtailment and low-power mode operations in Texas, which temporarily reduced hashrate and production to preserve hardware. Future updates will detail progress on their strategy to convert Olenox's natural gas into compute at the point of generation, aiming for power costs below $0.02 per kWh.
At the time of this announcement, OLOX was trading at $8.92 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $9.2M. The 52-week trading range was $4.10 to $960.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.