OLOX News & Events

Vivakor (VIVK) announced that it has executed an amendment to its previously announced letter of intent with Olenox (OLOX) in connection with the proposed sale of the company's CPE Gathering MidCon business. The amendment establishes a target closing date of July 31. Since execution of the original letter of intent, the parties have continued to advance due diligence, obtain required third-party consents, negotiate definitive transaction documentation and satisfy other customary closing requirements. To provide adequate time to complete these remaining items, the parties have agreed to target a July 31 closing and continue working toward execution of definitive transaction agreements and satisfaction of all remaining closing conditions. The approximately $36M transaction value reflects CPE Gathering's expected annual EBITDA of approximately $4.56M generated under the company's take-or-pay contractual arrangements.

Intercontinental Exchange and OKX announce a 50-50 joint venture to bring NYSE tokenized equities and ICE futures to crypto traders, with former New York Governor Andrew Cuomo set to co-chair. Strategy and Strive each disclose fresh bitcoin purchases, while Bitmine Immersion closes in on holding 5% of all circulating ether and Sharplink prices a premium offering to accumulate more. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.INTERCONTINENTAL EXCHANGE OKX VENTURE:Intercontinental Exchangeand crypto exchange OKX announced a 50-50 joint venture to build next-generation infrastructure for tokenized and digitally native financial products, with the venture expected to operate as a U.S. registered broker-dealer and futures commission merchant,. The venture will be co-chaired by Intercontinental Exchange and former New York Governor Andrew Cuomo, and is designed to enable OKX's customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets,. The venture follows Intercontinental Exchange's March strategic investment in OKX and is subject to regulatory approvals; Cuomo first began working with OKX in 2023.BITCOIN TREASURY DISCLOSURES:, Strategydisclosed it sold 2,714,839 shares via its ATM during June 15-21 for net proceeds of $335.5M and used those proceeds to acquire 520 bitcoinat an average of $67,068 per coin. Strategy now holds 847,363 bitcoin at an aggregate cost of $64.1B, an average of $75,651 per coin, with a $1.4B reserve earmarked to service preferred dividends and debt interest. $25.4B remains available under its ATM program, with no preferred shares sold during the period., Striverevealed it acquired 759 bitcoin at an average of approximately $65,850 per coin during June 15-21, lifting total holdings to 19,864 bitcoin. The filing also reflects the previously completed acquisition of Semler Scientific, which closed in January, folding its bitcoin holdings into Strive's balance sheet.BITMINE CLOSES ON 5% ETHER TARGET:Bitmine Immersionthat total crypto and cash holdings reached $10.7B as of June 21, with 5,672,956 etheron hand at $1,733 per coin, representing 4.7% of total ether supply. Of that total, 4,718,677 ether valued at $8.2B are staked on its proprietary MAVAN, Made in America Validator Network, platform. Bitmine Immersion added 52,203 ether during the prior week. At 94% of its stated goal of owning 5% of all circulating ether, Bitmine Immersion now operates one of the largest single-entity staking positions globally. That staking concentration means the company's yield income is directly tied to on-chain validation fees and MEV, exposing its revenue line to Ethereum protocol-level decisions in a way that no traditional financial statement framework fully captures yet.SHARPLINK RAISES AT PREMIUM FOR ETHER:Sharplinkpriced a $75M registered direct offering of approximately 10M shares at $7.49 per share, a 41% premium to its June 18 closing price of $5.29, with proceeds designated for additional ether accumulation, stock repurchases, and general corporate purposes,. Closing is expected June 23. A direct offering priced at a 41% premium, rather than a discount, implies institutional demand for ether-proxy equity at a level that commands a substantial spread over spot.MINING AND CORPORATE ACTIONS:, Olenoxrevealed an agreement to acquire 100% of CS Digital Ventures, a digital infrastructure and bitcoin mining company operating energy-intensive data centers, for total consideration of up to $50M, comprising $14M in newly issued Series E Convertible Preferred Stock, a $16M unsecured promissory note, warrants for 1.5M shares in three tranches at $5.00, $7.00, and $9.00 per share, and up to $20M in earnout preferred stock tied to post-closing revenue and EBITDA milestones. BitFuFuseparately announced its board approved a $5M share repurchase program for Class A ordinary shares over 24 months commencing June 24, funded from existing cash,. Genius Groupcompleted the second and largest tranche of its 13.2M share buyback mandate, repurchasing 6,037,851 Class A shares in an off-market transaction; combined with a separate 20M share cancellation from an asset purchase agreement, total shares removed from Genius Group's issued capital over eight days reached 32.6M,.INSTITUTIONAL DEFI AND PARTNERSHIPS:Hyperion DeFiannounced a partnership with Blockdaemon, which secures over $110B in digital assets for more than 400 institutions, to operate the Kinetiq X Hyperion Validator and expand institutional staking and DeFi services on the Hyperliquidnetwork,., Lion Grouprevealed entry into an agreement with Meili Capital Management to participate in the acquisition of a 10% equity interest in PT Nusantara Bumi Sangkara for $12M, with consideration payable in cash, Lion Group shares, or shares of a designated affiliate.PRICE ACTION:As of time of writing, bitcoinwas trading at $65,037.01, while etherwas trading at $1,753.17, according to.

Olenox Industries reported Bitcoin production for the month of May 2026 from the operations of CS Digital Ventures, which the Company acquired on May 28, 2026. This is the Company's first monthly operating update as a combined, energy-led digital infrastructure platform. May 2026 Production Highlights: Bitcoin mined: approximately 18.6 BTC credited to the Company's mining pool accounts during May 1-31, 2026. Average operational hashrate: approximately 1.30 EH/s realized across the Company's mining pool accounts during the period. Fleet utilization: realized hashrate represented approximately 81% of the fleet's economic capacity during the period, reflecting planned summer curtailment, low-power-mode operation and normal equipment availability. Installed fleet: 9,584 current-generation S21-class ASIC miners representing approximately 35 MW of installed capacity at a blended hardware efficiency of approximately 16 J/TH. The May production reported herein was generated at third-party hosting facilities drawing power from the ERCOT grid. The Company's strategy of converting Olenox's natural gas into compute at the point of generation, including the targeted sub-$0.02 per kWh power cost, describes the combined platform's forward plan and is not reflected in the current period's results. The company said, "The majority of the Company's mining fleet operates at third-party hosting facilities under profit-share arrangements, whereby the hosting provider is compensated through a share of mining-related value rather than solely through a fixed hosting fee. These arrangements are settled through two different mechanisms. Under most of them, the hosting provider's share is settled directly at the mining-pool level, so that only the Company's share is credited to its pool accounts. Under another arrangement, covering a portion of the fleet, the full output of the relevant machines is credited to the Company's pool accounts and the hosting provider is instead compensated separately through a monthly invoice covering power, a management fee and a profit-share component. The production and hashrate figures reported above reflect Bitcoin and hashrate credited to the Company's pool accounts. For the portion of the fleet settled by monthly invoice, these figures are stated before deduction of the related hosting costs, which are recognized separately as an operating expense for the period and were not yet finalized as of the date of this release. Power costs are borne by the Company broadly in proportion to the economic output it retains. The Company intends to refine its production reporting methodology as invoicing for the period is finalized and expects to provide additional detail in future updates. May production reflects deliberate, weather-driven curtailment at the Company's Texas hosting site. During periods of high ambient heat, the Company curtails or reduces operations to protect the fleet - a standard practice for Texas-based mining operations during the summer season, and one that also aligns power use with grid and pricing conditions. As a result, realized hashrate during the period was below the fleet's nameplate capacity. For the summer, the Company has elected to operate the fleet in a low-power mode to preserve hardware during the hottest months, reverting to normal operation once the high-heat season ends. Internal testing indicates that LPM maintains miner efficiency - reducing power consumption broadly in proportion to the reduction in hashrate - while meaningfully lowering the risk of heat-related hardware failures. The Company expects this approach to result in temporarily lower hashrate and Bitcoin production during the summer months, in exchange for improved fleet longevity, reduced downtime, and disciplined power consumption."