Olenox Industries Inc. (NASDAQ: OLOX) mined approximately 15.13 BTC in July 2026, the company reported, marking its second monthly production update since acquiring CS Digital Ventures, LLC on May 28, 2026.

The company recorded an average operational hashrate of approximately 1.02 EH/s during the period, representing about 64% of its fleet's economic capacity. Olenox attributed the reduced utilization to planned summer curtailment, low-power-mode operation, and normal equipment availability.

The installed fleet consists of 9,584 S21-class ASIC miners with approximately 35 MW of installed capacity, a nameplate capacity of approximately 2.19 EH/s, and a blended hardware efficiency of approximately 16 J/TH.

July production was generated at third-party hosting facilities drawing power from the ERCOT grid in Texas. The company noted that its stated forward strategy — converting natural gas into compute at the point of generation, targeting power costs below $0.02 per kWh — is not reflected in the current period's results.

The company said it elected to operate its fleet in low-power mode during the summer to reduce heat-related hardware risk, which it expects will result in temporarily lower hashrate and Bitcoin output until the high-heat season ends.

The majority of the fleet operates under profit-share arrangements with third-party hosting providers. Production figures are preliminary and unaudited, the company noted, and hosting costs for one portion of the fleet had not been finalized as of the release date.

"July is our second month of reporting Bitcoin production as a combined platform," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "We intend to continue reporting production on a monthly basis as we bring Olenox's energy assets and CS Digital's operating capability together."

Olenox said it plans to provide monthly production updates in the early part of each month, consistent with industry practice among Bitcoin mining operators.