Business Context and Reporting Period
Company: Olenox Industries Inc. (Ticker: SGBX)
Filing Type: Form 8-K (Current Report)
Date of Report: June 2, 2026
Reporting Period: The filing reports Bitcoin production data for May 2026 (May 1 through May 31, 2026).
The report discloses operations related to CSDigital Ventures, LLC, a wholly owned subsidiary acquired by the Company on May 28, 2026. The filing serves as a Regulation FD disclosure regarding a press release issued on the same date.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document references a press release (Exhibit 99.1) that contains details on:
- Bitcoin production volume for May 2026.
- Hashrate figures.
- Hosting profit-share arrangements.
Specific financial results are not embedded in the body of this 8-K summary.
Material Changes
- Acquisition: The Company completed the acquisition of CSDigital Ventures, LLC on May 28, 2026.
- Operational Expansion: The Company began reporting Bitcoin production metrics from the newly acquired subsidiary for the month of May 2026.
Guidance, Outlook, and Risks
The referenced press release (Exhibit 99.1) includes management commentary on:
- Seasonal operations and outlook.
- The basis for reporting production and hashrate figures.
- A recap of the completed acquisition.
Legal Disclaimer: The information furnished in this Item 7.01 and Exhibit 99.1 is not deemed "filed" under Section 18 of the Exchange Act and is not subject to the liabilities of that section, nor is it incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the specific Bitcoin production volume and hashrate figures in the attached Press Release (Exhibit 99.1).
- Review the terms of the hosting profit-share arrangements described in the press release.
- Confirm the financial impact of the CSDigital Ventures, LLC acquisition on the Company's consolidated balance sheet in subsequent filings.
- Assess the seasonal outlook provided by management for future production cycles.