finance
Olenox Shares Rise 61.79 Percent After Acquisition Closes
Olenox Industries Inc. reported the completion of its purchase of CS Digital Ventures, LLC. The $30 million transaction adds 35 MW of data-center capacity and reported 2025 revenue of $20.6 million.
May 29, 3:12 AM·1m read1 source
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Olenox Industries Inc. 96 in after-hours trading on Thursday after the company announced the closing of its acquisition of CS Digital Ventures, LLC. The $30 million deal consists of $14 million in newly issued Series D Preferred Stock and a $16 million unsecured promissory note. 2 million in 2025 EBITDA.
The transaction originated from a non-binding letter of intent signed in April that was initially valued at up to $50 million as an all-stock merger. 02 per kWh for off-grid, gas-powered data centers.
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