AVX · AgriFORCE Growing Systems Ltd.

AVAX One Technology Ltd. reported strong preliminary Q1 2026 results with revenue doubling sequentially to $2.4 million, primarily from increased Avalanche staking rewards and Bitcoin mining revenue. This reflects the success of their diversified strategy leveraging on-chain yields and energy-efficient mining, with over 90% of their 14.0 million AVAX treasury staked at approximately 6% annualized yield. The $27.2 million cash position provides substantial liquidity runway exceeding three years without asset sales. Management highlighted an annualized revenue run rate over $11 million, underscoring scalable recurring revenue potential. Concurrently, the company executed a transformative Letter of Intent with BlueFlare Energy Solutions for developing 10 MW Tier 3-ready AI/HPC powered land in Alberta, addressing critical power constraints in data center expansion. This modular microgrid, powered by flared natural gas with BESS and diesel backups, targets Q1 2027 readiness at a $30-35 million cost, positioning AVAX at the intersection of digital assets and compute infrastructure for high-margin, long-term contracts. Bitcoin mining capacity reached ~250 PH/s, set to exceed 300 PH/s soon. The company reiterated FY2026 guidance, with revenue potentially reaching $43-44 million under higher digital asset prices, signaling confidence in their dual digital-physical infrastructure model to drive shareholder value amid rising AI/HPC demand.