Olenox Industries Inc Dossier
Qualitative Analysis
Business overview
Olenox Industries Inc. (NASDAQ: OLOX), formerly known as Safe & Green Holdings Corp. (and originally established in 2007 as SG Blocks), is a vertically integrated holding company that has undergone a major strategic transition. Historically recognized for its modular construction services utilizing code-engineered cargo shipping containers, wood, and steel, the company has pivoted toward becoming a vertically integrated U.S. energy and technology platform. Its current business model focuses on acquiring, optimizing, and scaling energy-related infrastructure, with a strategic emphasis on converting its own low-cost natural gas into electricity at the point of generation. This power is then directed to high-value, energy-intensive end uses, including digital infrastructure, next-generation compute, artificial intelligence (AI) workloads, and Bitcoin mining.
Research as of 24 Jul 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Transitioning from a traditional oil and gas producer model to a closed-loop energy-to-compute platform. The strategy involves producing low-cost natural gas from owned assets, converting it to electricity at the point of generation, and powering energy-intensive digital infrastructure (AI workloads and Bitcoin mining).
Expected impact: Captures downstream margins, reduces exposure to volatile wellhead commodity pricing, and targets power costs below $0.02 per kWh.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquiring applied intelligence and neurotechnology capabilities to collect, analyze, and interpret complex operational data, supporting the company's integrated energy and digital infrastructure strategy.
Financial impact: Paid entirely in 104,166 shares of restricted common stock valued at $4.80 per share, preserving cash.
Launches a vertically integrated, gas-powered platform for energy-intensive data centers and next-generation compute by adding 35 MW of installed power capacity.
Financial impact: Upfront consideration of $30 million ($14 million in Series D Preferred Stock and a $16 million unsecured Seller Note) plus warrants and up to $20 million in earnout milestones. Contributed 2025 revenue of $20.6 million and EBITDA of $6.2 million.
Strategic Partnerships
Acquisition of CPE Gathering MidCon, LLC (Omega pipeline system) to expand midstream logistics and STACK basin presence, generating stable fee-based cash flows.
Terms: Valued at approximately $36 million, payable in a combination of cash, promissory note, common stock, and preferred stock, based on $4.56 million in annual EBITDA under a take-or-pay guarantee.