Olenox Targets Bitcoin Mining Fleet Expansion to 20,000 Machines

Bitget2026/10/22 12:34

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Olenox Industries outlined a three-phase gas-to-power-to-compute plan targeting Bitcoin mining fleet expansion from approximately 9,700 to 20,000 machines.
The first phase targets self-generated electricity at approximately $0.015 per kWh, compared with approximately $0.06 per kWh currently.
Existing Texas miners could then relocate to lower-cost power sites, targeting a 75% electricity-rate reduction before fleet expansion.
Potential deployment sites include British Columbia’s Wildboy platform and Texas’ Pecos-area platform; planned generation capacity would require expansion to 75 MW.
Execution depends on substantial financing, power availability and equipment procurement, with the electricity-rate and fleet goals remaining targets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Olenox Industries Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610220830ACCESSWRNAPR_____1239890) on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Olenox Targets Bitcoin Mining Fleet Expansion to 20,000 Machines

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