Why did Olenox Industries (NASDAQ:OLOX) report lower Bitcoin production in June?

Olenox Industries (NASDAQ:OLOX) experienced a decline in Bitcoin production due to extreme Texas heat, which triggered frequent curtailment events at its third-party ERCOT-hosted facilities and necessitated the use of low-power operational modes.

What are the current operational metrics for the Olenox Industries (NASDAQ:OLOX) mining fleet?

Olenox Industries (NASDAQ:OLOX) maintained an installed fleet of 9,584 S21-class ASIC miners in June, operating at a nameplate capacity of 2.19 EH/s and a blended efficiency of 16 J/TH.

How much Bitcoin did Olenox Industries (NASDAQ:OLOX) produce during the month?

Olenox Industries (NASDAQ:OLOX) mined approximately 14.92 BTC during the period of June 1 to June 30, 2026.

What does the current hashrate and utilization look like for Olenox Industries (NASDAQ:OLOX)?

Olenox Industries (NASDAQ:OLOX) operated with an average hashrate of approximately 1.06 EH/s throughout June, with fleet utilization reaching roughly 67% of its total economic capacity.

How has the market reacted to the production update from Olenox Industries (NASDAQ:OLOX)?

Following the release of its preliminary June 2026 production figures, the Olenox Industries (NASDAQ:OLOX) share price declined 13.89% to a price of $4.71.

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Olenox reports June Bitcoin production drop

Written by Heidi Cuthbert Published Jul 16, 2026, 1:08 PM

Olenox Industries mined 14.92 BTC in June, down from previous operational levels.
Share price is down 13.89% to $4.71 following the production update.
Texas weather curtailment and high temperatures remain the primary drivers of reduced output.

Olenox Industries (NASDAQ:OLOX) reported that its CS Digital Ventures division produced approximately 14.92 Bitcoin during June 2026, operating at an average hashrate of 1.06 EH/s.

This output reflects a decline in performance compared to May, primarily attributed to elevated temperatures in Texas that forced the company to utilize low-power modes and manage increased curtailment events at third-party ERCOT-hosted facilities.

The company maintained an installed fleet of 9,584 S21-class ASIC miners throughout the month, which represents 35 MW of power capacity and a 2.19 EH/s nameplate hashrate with a consistent blended efficiency of 16 J/TH.

Following the announcement, Olenox Industries' share price was down 13.89% at $4.71.

Olenox Industries, formerly known as Safe & Green Holdings, transitioned toward digital infrastructure after completing its acquisition of CS Digital Ventures in early 2026.

The company continues to integrate its modular construction expertise with off-grid power solutions to build a vertically integrated digital infrastructure platform.