Olenox reports May 2026 Bitcoin production of 18.6 BTC; first update after CS Digital acquisition

OLENOX INDUSTRIES INC.

Bitcoin mined: approximately 18.6 BTC; average operational hashrate: 1.30 EH/s; fleet utilization 81%.
Installed fleet: 9,584 S21-class miners (~35 MW capacity; 2.19 EH/s nameplate; ~16 J/TH efficiency).
CS Digital acquisition: $30M upfront ($14M Series D Preferred + $16M note); warrants for 1.5M shares; earnout up to $20M.
CS Digital 2025 revenue $20.6M, EBITDA $6.2M; target sub-$0.02/kWh power cost via gas-to-compute strategy.
Seasonal summer curtailment and low-power mode adopted; expects temporarily lower hashrate and production.

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