AVAX One Reports Second Quarter 2026 Financial and Operating Results
Total AVAX Tokens and Equivalents of 14,091,424 as of August 13, 2026
WEST PALM BEACH, FL, Aug. 13, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced its financial and operating results for the second quarter ended June 30, 2026, along with an update on its AVAX treasury strategy.
"We made solid progress in the second quarter deepening AVAX One’s role as a digital infrastructure company accelerating the transition to an onchain financial economy," said Pete Wylie, Interim Chief Executive Officer of AVAX One. "Staking is the foundation of our Avalanche treasury strategy, generating onchain yield through native staking and ecosystem participation. Our Bitcoin mining operations remained a consistent operating contributor during the quarter, and we advanced our AI and high-performance computing initiatives through an initial inference pilot at our Redwater facility."
"Across each of these three pillars, we are focused on evaluating accretive opportunities that build durable revenue and cash flow. This includes assessing potential acquisitions, partnerships, infrastructure investments, and operational initiatives that strengthen our existing platform. We also intend to stay active under our share repurchase program, buying back stock when we believe our shares trade below the intrinsic value of the business. We believe these initiatives, coupled with our prudent approach to capital allocation, will enable us to position AVAX One for its next phase of growth."
Second Quarter 2026 Financial Summary (vs. Q2 2025)
Operational and Treasury Highlights
Full Year 2026 Guidance
The Company is reiterating its previously issued guidance:
[1] Assumes Bitcoin price of ($70,000.00) and Avalanche price of ($9.00).
[2] Assumes Bitcoin price of ($101,877.40) and Avalanche price of ($22.43).
[3] Assumes Bitcoin price of ($124,720.00) and Avalanche price of ($44.10).
4 The tables at the end of this press release provide a reconciliation of non-GAAP financial measures to the Company’s expected results in accordance with GAAP. (See “Reconciliation of GAAP and non-GAAP Information” below).
Conference Call and Webcast Details
The Company will conduct a conference call today, August 13, 2026, at 5:00 p.m. Eastern time to discuss its financial and operating results for the second quarter ended June 30, 2026.
AVAX One’s management team will host the conference call, followed by a question-and-answer session.
Date: Thursday, August 13, 2026
Time: 5:00 p.m. ET
Toll-free dial-in number: (877) 425-9470
International dial-in number: (201) 389-0878
Conference ID: 13761563
Webcast: AVAX One’s Q2 2026 Earnings Conference Call
Participants can also access the Company’s earnings call using the call me option here for instant telephone access to the event, which will be active approximately 15 minutes before the scheduled start time.
If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.
The conference call will also be available for replay on the investor relations section of the Company’s website at www.avax-one.com.
About AVAX One Technology Ltd.
AVAX One Technology Ltd. (NASDAQ: AVX) is a digital infrastructure company accelerating the transition to an onchain financial economy. The Company maintains a strategic Avalanche digital asset treasury, accumulating AVAX and generating onchain yield through native staking and ecosystem participation. It also operates bitcoin mining facilities and develops modular data centers. These three pillars give public market investors unique exposure to both the onchain economy and the digital infrastructure layer. For more information, please visit www.avax-one.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated benefits and timing of the completion of the proposed offering and related transactions, the intended use of proceeds from the PIPE offering, expectations regarding future capital raising activity, the assets to be held by the Company, expectations regarding adoption of the Avalanche network, the expected future market, price and liquidity of the digital assets the Company acquires, the macro and political conditions surrounding digital assets, the Company's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other entities in similar business strategies, technological and market trends, future financial condition and performance, the expected financial impacts of the proposed transactions described herein, and the timing of the closing of the PIPE offering. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the transactions and the proposed AVAX strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of AVAX and other cryptocurrencies; the risk that the price of the Company's securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the SEC. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The statements made in this press release are not intended to be projections of the Company's future results nor an offer of a future securities transaction by the Company. Any offering in the future will be made through compliance with all applicable regulations and the filing of appropriate documents with the SEC, as required under those regulations.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
AVX@elevate-ir.com
Media Contact
Ethan Lyle
Prospero
avax-one@prospero.agency
Reconciliation of GAAP and Non-GAAP Information
($ in Millions, unaudited)