AVAX One releases Q1 results: holds approximately 14 million AVAX, revenue doubles quarter-over-quarter
Odaily reports that Nasdaq-listed AVAX treasury company AVAX One has released its preliminary Q1 2026 results, showing that, benefiting from Avalanche staking yields and growth in Bitcoin mining operations, its quarterly revenue doubled sequentially to approximately $2.4 million. In terms of asset allocation, the company currently holds around 14 million AVAX, with over 90% staked. Meanwhile, AVAX One has signed a letter of intent to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada. The project is expected to be operational in Q1 2027 and will leverage low-cost natural gas power resources to promote a dual strategy of “crypto asset revenue + computing power infrastructure” for AI and digital asset growth. At the same time, the company has added 220 new Bitcoin mining machines, increasing its hash rate to over 200 PH/s.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Market Chatter: Exxon Mobil Anticipates Higher LNG Sales Despite Middle East War
Market Chatter: Apollo Global in Talks to Buy J&J Orthopedics Unit for $20 Billion
Market Chatter: Anthropic Signs $13.7 Billion Computing Deal With Trump-Linked Rum Group
Deutsche Bank survey shows rising confidence in London capital markets, UK IPO outlook improves
