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Accesswire
3 days ago
Olenox Industries Announces Proposed Merger with CS Digital to Create Scalable Off-Grid Digital Infrastructure Platform for Bitcoin Mining and AI Infrastructure
All-stock transaction combines Olenox's energy platform with CS Digital's proven mining leadership, 2.1 EH of digital infrastructure capacity, and 2025 revenue estimated at $20.6 million to accelerate deployment of next-generation off-grid infrastructure with targeted power costs below $0.02/kWh CONROE, TX / ACCESS Newswire / April 22, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated energy company focused on oil and gas, energy services and energy technologies, today is pleased to announce that it has entered into a non-binding Letter of Intent with CS Digital Ventures, LLC ("CS Digital"), a digital infrastructure and Bitcoin mining platform co-founded by industry veteran Bernardo Schucman, early Bitcoin investor Shanti Cillo, Chief Technology Officer Roberto Santacroce, and Chief Financial Officer Federico Sader. Under the terms of the Letter of Intent, the transaction will be structured as a 100% share-for-share combination, pursuant to which the equity holders of CS Digital will receive up to $50,000,000 payable via the issuance of preferred shares of Olenox stock with the exchange price fixed at $1.00 per share (the "Purchase Price") in exchange for all of the outstanding equity interests of CS Digital.