Curated News
By: NewsRamp Editorial Staff
September 17, 2026
Olenox Mines 15.63 Bitcoin in August, Eyes $0.02/kWh Power
TLDR
- Olenox aims to cut power costs below two cents per kilowatt-hour, giving its Bitcoin mining a significant edge over competitors.
- Olenox mined 15.63 Bitcoin in August 2026 using 9,584 S21 miners at 1.03 EH/s, with heat curtailment affecting Texas operations.
- Olenox advances cleaner energy by using natural gas to power computing, potentially reducing flaring and emissions for a better tomorrow.
- Olenox's fleet of 9,584 S21 miners draws 35 megawatts, enough to power thousands of homes while mining Bitcoin.
Impact - Why it Matters
This news matters because it demonstrates Olenox's progress in integrating its energy operations with digital asset mining, a strategic move that could position the company as a low-cost producer in the Bitcoin mining industry. By targeting power costs below $0.02 per kilowatt-hour through the use of company-controlled natural gas, Olenox aims to achieve a significant competitive advantage in an industry where energy costs are the primary expense. If successful, this model could enhance shareholder value and provide a blueprint for other energy companies looking to diversify into digital infrastructure. Moreover, the operational update provides transparency to investors about the company's mining performance, which is crucial for assessing the viability of its strategy.
Summary
Olenox Industries (NASDAQ: OLOX), an integrated energy and infrastructure company, has reported that its CS Digital Ventures operations mined approximately 15.63 Bitcoin during August 2026. This marks the second monthly operating update since Olenox acquired CS Digital on May 28. The company achieved an average operational hashrate of approximately 1.03 exahashes per second (EH/s), which represents about 67% of its fleet's economic capacity. Seasonal heat-related curtailment and low-power-mode operation affected its Texas hosting operations, impacting overall performance.
Olenox's 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. The company's longer-term strategy is to leverage 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 aims to reduce energy costs and improve operational efficiency.
To view the full press release, visit https://ibn.fm/cf8Yw. Olenox Industries Inc. is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The company focuses on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. The latest news and updates relating to OLOX are available in the company's newsroom at https://ibn.fm/OLOX. InvestorWire is a specialized communications platform focused on advanced wire-grade press release syndication, and it is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, social media distribution, and a full array of tailored corporate communications solutions.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Olenox Mines 15.63 Bitcoin in August, Eyes $0.02/kWh Power
