AVAX One Q1 Revenue Doubles to $2.4M, Expands Bitcoin Mining and AI Plans
First-quarter revenue more than doubled sequentially to $2.4 million, driven by Avalanche staking rewards generating roughly $7 million annualized and bitcoin mining revenue exceeding $4 million. AVAX One ended Q1 with $27.2 million in cash, expanded mining capacity to 250 PH/s and secured a letter of intent for a 10 MW AI/HPC site.
1. Preliminary Q1 Revenue Growth
First-quarter revenue more than doubled sequentially to $2.4 million, driven by Avalanche staking rewards generating roughly $7 million of annualized run rate and bitcoin mining revenue exceeding $4 million under current digital asset prices.
2. Strong Cash Position and Outlook
The company ended Q1 with $27.2 million in cash, providing over three years of operational funding without liquidating digital assets, and reiterated full-year guidance of $11–$12 million in revenue and $2–$3 million in EBITDA under current price assumptions.
3. Scaling Bitcoin Mining Capacity
Bitcoin mining capacity expanded to approximately 250 PH/s, with near-term plans to surpass 300 PH/s within 30 days, enhancing recurring cash flow from mining operations.
4. AI/HPC Site Initiative
AVAX One signed a letter of intent to develop a 10 MW Tier 3-ready AI/HPC land site in Alberta, targeting readiness for end-client deployment in Q1 2027 and broadening its compute infrastructure offerings.