The update follows Ole ox’s ece t completio of the Wildboy a d Odi acquisitio s, expa di g the Compa y’s e e gy platfo m a d adva ci g its lo ge -te m st ategy to co ect Ole ox-co t olled e e gy esou ces with powe -i te sive digital i f ast uctu e.
“Septembe ‘s p oductio eflects the o goi g mi i g ope atio s we added th ough CS Digital, while ou ece t acquisitio s expa d the e e gy side of the platfo m,” said Mike McLa e , Chai ma a d Chief Executive Office of Ole ox. “Ou lo g-te m oppo tu ity exte ds beyo d Bitcoi p oductio alo e. We a e b i gi g togethe e e gy assets, mi i g expe tise a d i f ast uctu e capabilities with the goal of c eati g a mo e i teg ated a d eco omically compelli g computi g busi ess.”
Du i g Septembe , CS Digital eco ded ave age ope atio al hash ate of app oximately 1.04 exahashes pe seco d (“EH/s”) a d uptime of 68%. Ope atio s eflected seaso al powe cu tailme ts i te ded to educe t a smissio costs i 2027, alo g with educed mi e clock speeds at the Pyote site to p otect equipme t f om summe heat.
The summe cu tailme t seaso e ded Septembe 30, a d the Compa y expects mi e s to etu to o mal clock speed i Novembe , subject to ope ati g co ditio s.
Ole ox’s lo ge -te m st ategy is to co ve t Compa y-co t olled atu al gas i to computi g powe at o ea the poi t of ge e atio , with the goal of lowe i g e e gy costs, mo etizi g available gas esou ces a d expa di g i to additio al high-value computi g applicatio s. The Wildboy a d Odi acquisitio s add to the e e gy platfo m suppo ti g that st ategy.
The pla ed gas-powe ed i f ast uctu e ep ese ts Ole ox’s fo wa d st ategy a d is disti ct f om the thi d-pa ty hosted mi i g ope atio s eflected i Septembe ‘s esults.
All Septembe ope ati g figu es a e p elimi a y, u audited a d subject to fi al ope atio al a d fi a cial eview.
Ole ox I dust ies I c. (NASDAQ:OLOX) is a i teg ated e e gy a d i f ast uctu e compa y focused o acqui i g, developi g a d ope ati g assets ac oss the oil a d atu al gas, e e gy se vices, powe ge e atio , modula i f ast uctu e a d digital-compute secto s. Th ough its subsidia ies, Ole ox is buildi g a ve tically i teg ated platfo m desig ed to co ect e e gy esou ces with powe -i te sive i f ast uctu e while delive i g e gi ee ed a d modula solutio s ac oss i dust ial ma kets.
Ce tai stateme ts co tai ed i this p ess elease co stitute “fo wa d-looki g stateme ts” withi the mea i g of the fede al secu ities laws. Wo ds such as “may,” “might,” “will,” “should,” “believe,” “expect,” “a ticipate,” “estimate,” “co ti ue,” “p edict,” “fo ecast,” “p oject,” “pla ,” “i te d,” “pote tial” o simila exp essio s ge e ally ide tify fo wa d-looki g stateme ts.
These fo wa d-looki g stateme ts i clude, without limitatio , stateme ts co ce i g the expected etu of mi e s to o mal clock speed i Novembe ; i c eases i fleet utilizatio ; a ticipated t a smissio -cost be efits f om seaso al cu tailme t; the i teg atio of CS Digital’s ope atio s with Ole ox’s e e gy assets; the a ticipated be efits a d i teg atio of the Wildboy a d Odi acquisitio s; the developme t a d scali g of gas-powe ed digital i f ast uctu e; pote tial e e gy-cost eductio s; the mo etizatio of atu al gas esou ces; expa sio i to digital i f ast uctu e, a tificial i tellige ce a d ext-ge e atio computi g applicatio s; a d the Compa y’s futu e busi ess, ope atio s a d fi a cial pe fo ma ce.
Fo wa d-looki g stateme ts a e based o cu e t estimates, expectatio s a d assumptio s a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially. These isks i clude, amo g othe s, volatility i Bitcoi p ices a d etwo k difficulty; cha ges i mi i g eco omics; the Compa y’s ability to successfully i teg ate acqui ed ope atio s a d assets; the availability, cost a d eliability of elect ical powe a d atu al gas; the availability a d te ms of hosti g a a geme ts; weathe co ditio s; equipme t pe fo ma ce a d fleet utilizatio ; volatility i commodity a d elect icity p ices; egulato y developme ts; the Compa y’s ability to secu e fi a ci g a d execute its g owth st ategy; the Compa y’s ability to successfully develop its e e gy, powe -ge e atio a d digital-i f ast uctu e p ojects; the Compa y’s ability to mai tai complia ce with Nasdaq listi g equi eme ts; a d the othe isks desc ibed i the Compa y’s fili gs with the Secu ities a d Excha ge Commissio , i cludi g its most ece t A ual Repo t o Fo m 10-K a d subseque t epo ts filed with the SEC.
Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g stateme ts. The i fo matio i this elease is p ovided o ly as of its date, a d Ole ox u de takes o obligatio to update a y fo wa d-looki g stateme t except as equi ed by law.
View the o igi al p ess elease o ACCESS Newswi e
