Olenox Mined 15.63 Bitcoin in August as Energy Strategy Advances
Dallas, Thursday, 17 September 2026.
Olenox Industries mined 15.63 Bitcoin in August 2026. The company is transitioning to local natural gas generation to lower power costs below $0.02 per kilowatt-hour for computing.
August 2026 Operational Performance
Olenox Industries (NASDAQ: OLOX) released its operational update for August 2026 on 17 September 2026, reporting the successful mining of 15.63 Bitcoin [1]. The production figures reflect the company’s performance during the month of August 2026, credited to the company’s mining-pool accounts net of pool fees [1]. This output was achieved using a fleet of 9,584 S21-class ASIC miners, marking a significant period of activity following the acquisition of CS Digital Ventures, LLC on 28 May 2026 [1]. The reported production remains preliminary and unaudited as of the release date, with certain hosting expenses pending finalization [1].
Hashrate Capacity and Utilization
During the reporting period, the company achieved an average operational hashrate of approximately 1.03 EH/s [1]. This operational level represents approximately 67% of the fleet’s economic capacity, impacted by seasonal heat-related curtailment and low-power-mode operations at Texas hosting sites [1]. The mining fleet possesses a nameplate computing power of 2.19 EH/s, indicating the operational hashrate utilizes a specific portion of the total potential capacity 47.032 [1]. The hardware efficiency of the mining units is rated at 16 J/TH, supporting the company’s focus on energy-intensive computing infrastructure [1].
Energy Infrastructure and Strategic Outlook
Olenox Industries is transitioning from third-party hosting on the ERCOT grid to utilizing Olenox-controlled natural gas at or near generation points [1]. The company targets power costs below $0.02 per kilowatt-hour to support this vertically integrated model [1]. This strategy aligns with recent developments, including an announcement on 1 September 2026 regarding the advancement of its North Texas multi-well program to the field execution stage [2]. The company expects to continue providing monthly Bitcoin production and operating updates during the early part of each month, with the next update anticipated in early October 2026 [1].