Avax One Q1 Revenue Jumps But Loss Widens On Non: cash charges on digital asset values

AVAX One Technology

14/05/2026 21:22

Overview

US digital infrastructure and Bitcoin mining firm's Q1 revenue rose sharply, driven by Avalanche staking and mining

Company posted large net loss, mainly due to non-cash charges on digital asset values

AVAX One repurchased 3.5 mln shares and advanced Alberta AI/HPC infrastructure strategy

Outlook

Company reiterates 2026 revenue guidance of $11 mln to $12 mln at current spot prices

AVAX One expects 2026 EBITDA of $2 mln to $3 mln at current spot prices

Company focused on advancing AI/HPC infrastructure and expanding powered land pipeline in Western Canada

Result Drivers

AVALANCHE STAKING - Revenue growth was primarily driven by $1.9 mln in staking rewards from the Avalanche digital asset treasury

BITCOIN MINING - Bitcoin mining contributed $0.6 mln to revenue, supported by increased hash rate capacity

NON-CASH DIGITAL ASSET LOSSES - Large net loss mainly resulted from $36.3 mln unrealized loss on digital asset values and $5.3 mln realized loss on AVAX transactions

Company press release: ID:nGNXbltjwC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.48
Q1 Net Income
-$46.39 mln
Q1 Operating Income
-$44.57 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)