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AVAX One Announces Q1 Performance: Holds approximately 14 million AVAX, revenue doubles quarter-over-quarter
Odaily Planet Daily News reports that AVAX Treasury Company, which is listed on NASDAQ, AVAX One, has released preliminary results for Q1 2026. Benefiting from Avalanche staking rewards and growth in its Bitcoin mining business, the company’s quarterly revenue more than doubled quarter-over-quarter to approximately $2.4 million. In terms of asset allocation, the company currently holds about 14 million AVAX tokens, with over 90% in staking. At the same time, 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 start operations in Q1 2027 and will rely on low-cost natural gas power resources to advance a dual strategy of “cryptocurrency asset yield + compute infrastructure” to drive both AI and digital asset initiatives. The company also added 220 Bitcoin mining rigs, increasing its hash rate to over 200 PH/s. (globenewswire)