Olenox Industries (NASDAQ: OLOX), a vertically integrated U.S. energy company, issued a shareholder letter highlighting its financial performance and progress toward building an integrated platform spanning energy production, behind-the-meter power, digital infrastructure, high-density computing and applied artificial intelligence. Olenox reported second-quarter 2026 revenue of approximately $2.1 million, up approximately 194% from $721,000 a year earlier, while total assets increased approximately 78% to $64.2 million and stockholders equity rose approximately 155% to $19.4 million from Dec. 31, 2025. Following the May acquisition of CS Digital Ventures, its operations produced an average of approximately 17 bitcoin per month during June and July, with Olenox longer-term strategy calling for portions of those operations to transition from third-party hosting to company-controlled facilities using behind-the-meter generation.
Olenox also continues due diligence on its proposed acquisition of Wildboy Holdings and IPD Industries, including an independent engineering evaluation of certain assets. If the transaction is completed and other requirements are satisfied, Olenox intends to evaluate initial development of an approximately 20-megawatt bitcoin-mining and hosting facility, while the proposed acquisition could provide additional natural-gas, power, grid and fiber infrastructure supporting a broader energy-to-compute platform. The company said its strategy is to pursue development in phases while continuing to integrate recently acquired capabilities, expand off-grid and behind-the-meter computing capacity and develop existing energy properties.
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About Olenox Industries Inc.
Olenox Industries Inc. (NASDAQ:OLOX) is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://nnw.fm/OLOX
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