AVAX One, a Nasdaq-listed AVAX treasury company, announced preliminary results for the first quarter of 2026. Benefiting from Avalanche staking rewards and growth in Bitcoin mining, quarterly revenue more than doubled sequentially to approximately $2.4 million. Regarding asset allocation, the company currently holds approximately 14 million AVAX tokens, with over 90% pledged. Simultaneously, AVAX One has signed a letter of intent to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada. The project is expected to be operational in the first quarter of 2027, leveraging low-cost natural gas and electricity resources to advance its dual-track strategy of "crypto asset rewards + computing infrastructure" for AI and digital assets. The company also added 220 Bitcoin mining rigs, increasing its hashrate to over 200 PH/s. (globenewswire)