AVAX One Technology Ltd

avax-one.com

AVAX One Technology Ltd (AVX) is a digital asset company that holds AVAX tokens, operates validator infrastructure on the Avalanche blockchain network, and mines Bitcoin. Revenue comes from two sources: delegation fees earned through its proprietary Avalanche validator nodes, launched in January 2026, and Bitcoin mined at a five-megawatt facility in Columbiana County, Ohio. For the year ended December 31, 2025, total revenue was $2,340,811, split between Bitcoin Mining at $1,732,675 (74% of revenue) and the Avalanche Protocol segment at $607,605 (26%). The company holds 12,409,212 AVAX tokens at a cost basis of $160,039,924 and 13.272 Bitcoin at a cost basis of $1,396,934 as of December 31, 2025. Capital structure is debt-heavy, relying on serial issuances of convertible debentures with 10% original issue discounts. The Ohio Bitcoin mining facility uses flare natural gas at approximately $0.04 per kWh, with a weighted average cost of Bitcoin mined of approximately $50,300 as of FY2025.