secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2026-06-02T12:30:50+00:00
Accession:  0001213900-26-063809
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026063809/0001213900-26-063809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390026063809/ea0293073-8k_olenox.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-063809

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer