Olenox Faces $22.9M Deficit After Bitcoin Miner Buyout Olenox… — The Onchain Report — TG.ME

🚨 Olenox Faces $22.9M Deficit After Bitcoin Miner Buyout

Olenox Industries reported a $22.9 million working-capital deficit as of June 30, with $3.40 million in current assets versus $26.26 million in liabilities. The company said losses and negative cash flows raised substantial doubt about its ability to continue as a going concern, with no committed financing at that date.

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