AVAX One to Acquire $2.3M Energy-Advantaged Data Center Site in Alberta
AVX•AVAX One signed a non-binding LOI to acquire the Bantry Data Site, an energy-advantaged, behind-the-meter data center in Alberta, Canada, targeting AI and HPC workloads. The company will pay $2.3 million with a $100,000 refundable deposit and aims to close by August 1, 2026 after a 30-day due diligence period.
1. LOI Announcement
AVAX One signed a non-binding letter of intent to acquire the Bantry Data Site in Alberta, marking its first step in a power-first data center expansion across Western Canada. The site’s behind-the-meter design offers direct access to on-site generation, positioning it for accelerated AI and high-performance computing deployments.
2. Transaction Terms
Under the LOI, AVAX One will pay $2.3 million for the Bantry site and has deposited a fully refundable $100,000. The company enters a 30-day exclusive due diligence period, with a targeted closing date of August 1, 2026, subject to negotiation of a definitive purchase and sale agreement.
3. Strategic Rationale
The Bantry Data Site aligns with AVAX One’s model of modular, energy-advantaged data centers that bypass traditional utility build timelines. This acquisition enhances the company’s portfolio of pre-energized, Tier 3-ready sites optimized for AI and HPC workloads, supporting its broader on-chain infrastructure strategy.
4. Company Background
AVAX One Technology Ltd builds power-first, modular data centers in energy-advantaged regions and operates Bitcoin mining facilities at approximately 300 PH/s. Its integrated model includes behind-the-meter generation and a strategic Avalanche digital asset treasury to deliver cost-efficient compute capacity and on-chain yield.
