AVAX One Reports Q1 2026 Results: Holds 14M AVAX, Revenue Doubles to $2.4M

Gate News message, April 23 — AVAX One, a Nasdaq-listed cryptocurrency treasury company, released preliminary Q1 2026 results, with quarterly revenue doubling sequentially to approximately $2.4 million, driven by Avalanche staking rewards and Bitcoin mining operations growth.

The company holds approximately 14 million AVAX tokens, with over 90% in staking. AVAX One has also signed a letter of intent to develop a 10 MW Tier 3 AI/HPC data center in Alberta, Canada, expected to become operational in Q1 2027, leveraging low-cost natural gas power resources.

The company added 220 Bitcoin mining machines, bringing total computing power to over 200 PH/s. The dual strategy combines cryptocurrency asset yields with AI and high-performance computing infrastructure.