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.