NetworkNewsBreaks – Olenox Industries (NASDAQ: OLOX) Reports June Bitcoin Production Update
Olenox Industries (NASDAQ: OLOX), a vertically integrated U.S. energy company, reported preliminary June Bitcoin production of approximately 14.92 BTC from the operations of CS Digital Ventures, with an average operational hashrate of approximately 1.06 EH/s. The company said fleet utilization was approximately 67% of economic capacity during the month as elevated temperatures increased low-power-mode operation and curtailment events at its Texas hosting site. Olenox said the month-over-month decline in production was driven by seasonal operating conditions, including more frequent curtailments and expanded low-power-mode operation to protect mining equipment during periods of high ambient heat. The company expects fleet utilization and…







