Key Takeaways:
Olenox announced a possible $55M merger with CS Digital Ventures to scale off-grid bitcoin mining. The deal targets a 3rd era of bitcoin mining, using off-grid data centers to hit $0.02 per kWh. In 2026, the merged entity would integrate Olenox’s energy tools to lead off-grid Bitcoin mining. Olenox To Merge With Brazilian CS Digital, Targeting Low-Cost Bitcoin Mining and AI Data Center Opportunities“I believe 2026 may mark the beginning of a new phase: the large-scale development of off-grid data centers built closer to the point of energy generation, where, under certain conditions, it may be possible to generate and utilize power at costs approaching $0.02 per kWh.”
These affordable energy fees would be attainable as the resulting company operates in environments where energy is curtailed and in sites where there is no transmission infrastructure available to transport it to the grid.
“Our combination with Olenox is intended to pursue that opportunity and build what we believe can become a leading platform in scaling off-grid mining. Our ambition is significant, and so is the opportunity in front of us,” Schucman concluded.
