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.
manilatimes.netOlenox 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.
Key Facts
Story Timeline
3 events- April 2026
Olenox signed a non-binding letter of intent to acquire CS Digital Ventures.
1 sourceBenzinga - Thursday
Olenox announced the closing of the $30 million acquisition.
1 sourceBenzinga - Thursday after hours
OLOX shares rose 61.79 percent to $7.96.
1 sourceBenzinga
Potential Impact
- 01
Olenox gains 35 MW of data-center capacity and reported 2025 EBITDA of $6.2 million.
- 02
Combined operations target power costs below $0.02 per kWh.
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