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Olenox signs merger LOI with CS Digital in all-stock deal valued up to $50 million

PUBT·04/22/2026 12:30:59
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Olenox signs merger LOI with CS Digital in all-stock deal valued up to $50 million
  • Olenox entered non-binding LOI to merge with CS Digital in 100% share-for-share combination valued up to USD 50 million.
  • Consideration set as preferred shares priced at USD 1 per share, issued in tranches tied to closing plus revenue and EBITDA milestones.
  • CS Digital disclosures show about 2.1 EH of mining infrastructure capacity, with 2025 revenue estimated at USD 20.6 million.
  • 2025 EBITDA estimated at USD 6.2 million, with combined platform targeting power costs below USD 0.02 per kWh for off-grid sites.
  • Bernardo Schucman to receive 900,000 Olenox common shares tied to assessing integration of natural gas resources for data center power.


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 on April 22, 2026, and is solely responsible for the information contained therein.