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Olenox stock jumps 62% after acquiring CS Digital Ventures, boosting energy-efficient data center capacity.

Market News
29 May 2026
Mohd Haider
View Source
Bullish
pluang ai news

Olenox Industries Inc. shares surged 61.79% in after-hours trading following the closing of its $30 million acquisition of CS Digital Ventures, a company specializing in energy-intensive data centers and digital infrastructure. The deal combines Olenox's natural gas assets and proprietary technology with CS Digital's 35 MW capacity and $20.6 million projected 2025 revenue. The combined platform aims to deliver power costs below $0.02 per kWh for off-grid data centers, targeting energy-intensive computing customers. CS Digital's CEO Bernardo Schucman will continue leading the division within the merged company, signaling strategic growth in energy-efficient infrastructure for computing needs.

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