AVAX One Reports Doubling Revenue and Plans New Data Center

AVAX One, a Nasdaq-listed company, has announced its preliminary results for the first quarter of 2026. According to Odaily, the company's quarterly revenue doubled to approximately $2.4 million, driven by growth in Avalanche staking rewards and Bitcoin mining operations. In terms of asset allocation, AVAX One holds around 14 million AVAX tokens, with over 90% staked. The company has also signed a letter of intent to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada. This project is expected to be operational in the first quarter of 2027 and will leverage low-cost natural gas power resources. The initiative aims to advance a dual strategy of 'crypto asset revenue + computing infrastructure' to support AI and digital assets. Additionally, AVAX One has expanded its Bitcoin mining capacity by adding 220 new machines, increasing its computing power to over 200 PH/s.