Avax One Avalanche Treasury Sees 2x Growth In Q1 2026

@Avax_one Technology Ltd. (NASDAQ: AVX) is building what it calls a new model for the digital asset treasury, pairing a large $AVAX holdings position with an operating AI and high-performance computing (HPC) data center business to generate cash flow alongside on-chain yield.

Revenue More Than Doubles in Q1 2026

Preliminary Q1 2026 revenue came in at approximately $2.4 million, more than double the sequential quarter. The increase was primarily driven by higher Avalanche staking rewards and Bitcoin mining revenue. The company uses data center cash flows to fund continued $AVAX accumulation without diluting existing equity holders.

The company has expanded its Avalanche digital asset treasury to approximately 14.0 million $AVAX, with over 90% actively staked, generating a roughly 6% annualized yield. AVAX One is also reporting a total cash balance of $27.2 million, providing more than adequate liquidity to fund operating costs for more than three years without liquidating any of its digital assets.

Management reiterated 2026 guidance, with revenue scenarios ranging from $11 million to $12 million and EBITDA from $2 million to $3 million at current crypto price assumptions, rising to $43 million to $44 million under higher price scenarios.

Moving Into AI and HPC Infrastructure

AVAX One has confirmed the underlying infrastructure model that distinguishes its approach from grid-dependent competitors: fully behind-the-meter natural gas power generation, purpose-built for high-performance compute deployment. The company executed a Letter of Intent to develop an initial 10 MW Tier 3-ready AI/HPC powered land site in Alberta, with expected readiness for end-client deployment in Q1 2027, marking its formal expansion into data center infrastructure.

The company builds power-first, modular data centers in energy-advantaged regions, leveraging behind-the-meter generation and microgrid design to deliver reliable, cost-efficient compute capacity. Its powered land model eliminates grid dependency and delivers pre-energized, Tier 3-ready sites on accelerated timelines unavailable through traditional utility-connected development.

Alberta has emerged as a prime North American location for AI data centers, driven by abundant low-cost natural gas, supportive government policies, a cold climate that aids server cooling, and a deregulated electricity market. Building on the initial 10 MW site, the company confirmed it is in active evaluation of additional Western Canada locations targeting a range of 5 MW to 50-plus MW per site.

AVAX One says it is building exposure to both sides of the infrastructure stack: physical infrastructure through modular AI and HPC data centers, and digital infrastructure through its Avalanche $AVAX treasury and ecosystem participation.

Sources:
AVAX One Q1 2026 Preliminary Financial Results (GlobeNewswire)
AVAX One Advances Alberta AI/HPC Powered Land Program (GlobeNewswire)
AVAX One Reports Preliminary Revenue Growth (Yahoo Finance)