Svmuu reports that AVAX One, a Nasdaq-listed AVAX treasury company, has announced its preliminary Q1 2026 results. Benefiting from Avalanche staking rewards and growth in its Bitcoin mining operations, quarterly revenue doubled quarter-over-quarter to approximately $2.4 million. In terms of asset allocation, the company currently holds about 14 million AVAX, with over 90% staked. Concurrently, 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 commence operations in Q1 2027, leveraging low-cost natural gas power resources to advance a dual-pronged strategy of "crypto asset yield + computing infrastructure," focusing on AI and digital assets. The company has also added 220 Bitcoin mining machines, increasing its hashrate to over 200 PH/s. (globenewswire)