M&A
confidence high
sentiment neutral
materiality 0.75
Olenox acquires Bitcoin miner CS Digital; target's 2025 revenue $20.6M, net loss $1.65M
OLENOX INDUSTRIES INC.
- CS Digital 2025 revenue $20.6M vs $3.89M in 2024; net loss $1.65M vs $1.24M loss.
- At Dec 31 2025 CS Digital had $33.4M assets, $15.2M long-term loan, $17.1M equity.
- Going-concern doubt alleviated by April 2026 debt-for-equity exchange extinguishing $15.2M loan.
- Unaudited pro forma Olenox financials for 2025 and Q1 2026 filed, reflecting acquisition.
- Acquisition of 100% of CS Digital closed May 26, 2026; financials now filed via 8-K/A.