Olenox Industries (NASDAQ: OLOX) announced the completion of its $21.7 million acquisition of Wildboy Holdings, Ltd. and IPD Industries, Inc. The deal combines natural gas resources and processing infrastructure in British Columbia with a power-development platform in West Texas, supporting the company's strategy to build an integrated gas-to-power-to-compute platform serving artificial intelligence, data centers, and digital-asset operations. The transaction was financed almost entirely through Series F preferred stock, convertible into common shares subject to certain restrictions. The company's press release is available at https://nnw.fm/6fHRc.
The Wildboy assets include approximately 184,785 acres, a natural gas processing facility with capacity of up to 144 million cubic feet per day, and roughly 56.8 billion cubic feet of proved developed natural gas reserves. Management estimates these British Columbia assets could support an initial power-generation opportunity of up to 50 megawatts, pending equipment, infrastructure, and regulatory requirements. The acquired IPD platform near Pecos, Texas, holds a 100-megawatt self-generator registration with the Public Utility Commission of Texas. Olenox plans to develop generation capacity in stages based on customer demand and available capital, positioning the company to expand across natural gas production, electricity generation, and computing applications.
The acquisitions matter because they vertically integrate Olenox's operations from upstream gas production to end-use computing, a model that could capture margin across the energy value chain and offer a differentiated solution for power-hungry AI and data center customers. By securing both gas reserves and a registered generation platform, Olenox aims to reduce reliance on third-party suppliers and accelerate time-to-power for digital infrastructure projects. The company's newsroom, available at https://nnw.fm/OLOX, provides ongoing updates.
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