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OLENOX INDUSTRIES INC.Bullish
Olenox Industries (OLOX) completed the acquisition of IPD Industries and Wildboy Holdings for a total consideration of $22 million on October 19, 2026. The purchase price was settled with 700,000 shares of common stock, 210,000 shares of Series F preferred stock, and $300,000 in cash, advancing the company's integrated gas-to-power-to-compute platform strategy for AI and data center applications.…more
OLENOX INDUSTRIES INC.
Olenox Industries Inc. filed an 8-K/A to correct drafting errors in the pro forma financial statements regarding its acquisition of CS Digital Ventures. The acquisition involves a total consideration of approximately $52.11 million, including $14 million in Series E Preferred Stock, a $16 million promissory note, 1.5 million common stock warrants, and up to $20 million in contingent earnout shares. Despite the expansion, the pro forma statements reflect significant net losses of $20.69 million for FY2025 and $4.03 million for Q1 2026.…more
OLENOX INDUSTRIES INC.
Olenox Industries Inc. has filed its Form 10-Q for the second quarter ended June 30, 2026. The report details the completion of the acquisition of Psylinks Neurotech Corp and significant changes to the capital structure, including the issuance of Series C and Series E convertible preferred stock.…more
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Olenox Industries Plans to Double Mining Fleet and Cut Power Costs by 75%…more
Olenox Industries announced a strategy to expand its mining fleet from 9,700 to 20,000 units while targeting a 75% reduction in electricity costs through self-generated power. However, the expansion remains subject to significant financing requirements and successful project execution.…more
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Olenox produced approximately 15.03 BTC in September with a 68% uptime rate. The company expects its mining operations to return to normal speeds by November.…more
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Olenox has agreed to acquire IPD Industries and Wildboy Holdings in a deal valued at $22 million. The acquisition is aimed at expanding the company's AI and digital infrastructure strategy.…more
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