%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / AVAX One (NASDAQ: $AVX ) said Thursday that preliminary first-quarter revenue more than doubled sequentially to about $2.4 million, driven by stronger Avalanche staking rewards and Bitcoin mining revenue, while the company also reiterated its full-year 2026 outlook. The Nasdaq-listed firm said it ended the quarter with $27.2 million in cash, which it believes is enough to fund operating costs for more than three years without selling digital assets. The early numbers give investors a clearer look at how the company wants its model to be understood. AVAX One is still built around an Avalanche treasury strategy, but the business is increasingly being framed as a mix of staking yield, bitcoin mining cash flow and, now, early-stage compute infrastructure. That broader setup matters because it gives the company more than one route to growth at a time when public crypto proxy companies are under pressure to show operating traction rather than just token exposure. Operationally, AVAX One said it expanded its bitcoin mining capacity to about 250 PH/s, with near-term growth expected to push beyond 300 PH/s in the next 30 days. It also said its Avalanche treasury now stands at approximately 14.0 million AVAX (CRYPTO: $AVAX ), with more than 90% actively staked and generating about a 6% annualized yield. Based on current digital asset prices, the company said its annualized revenue run rate is now above $11 million, including more than $7 million from AVAX staking rewards and over $4 million from bitcoin mining. The infrastructure angle is also beginning to take a more concrete shape. AVAX One said it has signed a letter of intent to develop an initial 10 MW Tier 3-ready AI/HPC powered land site in Alberta, with readiness for end-client deployment targeted in Q1 2027. CEO Jolie Kahn said the quarter reflects the early success of a diversified model built around recurring cash flow, on-chain yield and access to compute infrastructure. That combination helps explain why the company is still reiterating full-year guidance of roughly $11 million to $12 million in revenue and $2 million to $3 million in EBITDA under its current spot-price scenario. AVAX One Technology Ltd. (NASDAQ: AVX) stock is currently trading at $0.507 U.S. per share. Avalanche (CRYPTO: AVAX) cryptocurrency is currently trading at $9.39 U.S. per digital token.