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AVAX One Technology Ltd logo

AVAX One Technology Ltd

avax-one.com

What Do They Do?

Mines Bitcoin and runs Avalanche staking and validator operations for third-party delegators.

How Do They Make Money?

Revenue comes from Avalanche staking rewards earned through delegation and validator operations, and from digital assets produced through mining, primarily Bitcoin.

revenue
SegmentShareRevenue
Avalanche Staking
26%
Bitcoin Mining
74%
Other
<0.1%

Who Are Their Customers?

Third-party delegators use the company’s validator infrastructure to stake AVAX; the company earns delegation fees.

Do Revenues Turn Into Profits?

No. It lost $33.2M in FY2025.

Operating income, FY2025
−926% of revenue
▲ +115% (Loss) vs FY2024 (−$10.1M, −37999%)
Net income, FY2025
−1418% of revenue
▲ +104% (Loss) vs FY2024 (−$16.3M, −61248%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +523%
vs $452K in Q2 FY2025
Net income
▲ +336% (Loss)
vs −$8.1M in Q2 FY2025
Bitcoin Mining share of revenue vs 100.0% in Q2 FY2025
  • Aug 19, 2026 Chief financial officer resigns; accounting chief takes over financial reporting Chris Polimeni resigned, and Stephanie Brady was appointed chief accounting officer and primary financial officer.
  • Jul 6, 2026 Chief executive Jolie Kahn departs; Peter Wylie becomes interim chief executive Wylie will serve as interim CEO while the board searches for a permanent successor.
  • Apr 24, 2026 Company expands into AI and high-performance computing data-center infrastructure A letter of intent with BlueFlare covers development of powered land for a 10 MW AI and high-performance computing facility in Alberta.

From agriculture to digital assets The earlier report described agricultural consulting, growing facilities and plant-based food products. The latest says legacy ag-tech operations ceased, apart from the Manna business being liquidated, and describes Bitcoin mining and an Avalanche-focused digital asset strategy.

Revenue over time
Avalanche Staking Bitcoin Mining Other
$2.5M$1.3M$0

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