Olenox Announces Merge With CS Digital to Develop Low Cost, Off-Grid Bitcoin Mining Opportunities
Key Takeaways:
The merger, which values CS Digital Ventures at $55 million, would be completed in several tranches and would anticipate what CS Digital’s CEO Bernardo Schucman has called “the third era of Bitcoin mining.”
Explaining the meaning of the term, he declared:
“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.
These kinds of initiatives are now surging, with Itau, one of Brazil’s largest banks, recently investing in Minter, which also designs and operates mobile bitcoin mining solutions located at energy generation locations. But the merged company between Olenox and CS Digital would have an advantage, as it would integrate the energy generation task of the equation by combining Olenox’s energy platform with CS Digital’s capabilities.
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