Olenox Industries Announces Proposed Merger with CS Digital to Create Scalable Off-Grid Digital Infrastructure Platform for Bitcoin Mining and AI Infrastructure

Olenox Industries announced a proposed all-stock merger with CS Digital to create a scalable off-grid digital infrastructure platform targeting Bitcoin mining and AI compute. The deal would issue up to $50.0M in preferred Olenox shares at $1.00 per share (paid in three tranches) and grants CS Digital ~2.1 EH of mining capacity, with 2025 revenue and EBITDA projected at $20.6M and $6.2M respectively. Management targets power costs below $0.02/kWh, positioning the combined company to gain a structural cost advantage in mining and high-density compute. Market impact: the tie-up could improve mining economics, increase institutional-scale off-grid capacity, and be supportive for Bitcoin mining fundamentals and BTC demand over time, while diluting Olenox equity and subject to execution and regulatory risks.