Olenox Industries to Double Bitcoin Mining Fleet and Slash Power Costs

Key Facts

1Olenox Industries plans to expand its Bitcoin mining fleet from approximately 9,700 to 20,000 miners.

2The company targets a 75% reduction in electricity rates through its self-generated gas-to-power strategy.

Olenox Industries plans to expand its Bitcoin mining fleet from approximately 9,700 to 20,000 miners. ACCESS Newswire reported that the company targets a 75% reduction in electricity rates through its self-generated gas-to-power strategy, part of a three-phase expansion plan to more than double its total hash rate capacity.

OLOX closed at $1.01 on October 21, 2026, following a session that saw a low of $0.87 and a high of $1.28. The company aims to improve operational profitability by relocating existing miners to lower-cost power supplies and scaling its infrastructure.