AVAX One Technology Ltd Dossier
Qualitative Analysis
Business overview
AVAX ONE TECHNOLOGY LTD. (formerly AgriFORCE Growing Systems Ltd.) is a digital infrastructure company focused on digital asset and computing infrastructure. The company operates three core pillars: building modular data centers in energy-advantaged regions using behind-the-meter generation and microgrid designs to deliver compute capacity for AI and high-performance computing (HPC) workloads; Bitcoin mining operations in Alberta and Ohio with an operating hashrate of approximately 300 PH/s; and maintaining a strategic Avalanche digital asset treasury that accumulates AVAX tokens and generates on-chain yield through native staking and ecosystem participation.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Development of a 10 MW Tier 3-ready AI and high-performance computing (HPC) powered land site in Alberta, Canada, utilizing fully behind-the-meter natural gas power generation to bypass utility grid interconnection queues.
Expected impact: Expected to generate $7 million to $12-plus million in annual gross revenue once leased at 80% to 90% utilization, with high margins and payback in three to four years.
An initial pilot at the existing Redwater facility to test the conversion of approximately 100 kilowatts of excess capacity from Bitcoin mining to AI workloads (such as coding assistants and AI agents).
Expected impact: Serves as a deliberate de-risking step to validate demand aggregation, hardware utilization, and economic assumptions showing AI inference can generate a significant multiple of Bitcoin mining's gross revenue per kilowatt-hour.
A strategic pivot to accumulate AVAX tokens and generate onchain yield through native staking and ecosystem participation, establishing the company as a regulated public equity vehicle for Avalanche exposure.
Expected impact: Accumulated approximately 14.0 million AVAX tokens (with over 90% actively staked as of May 2026), generating an annualized yield of approximately 6% and driving a material inflection in recurring revenue.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To expand Bitcoin mining operations and monetize available power capacity in Alberta leading up to the AI/HPC facility's construction.
Financial impact: Expected to increase total hash rate capacity in Alberta by approximately 33% (from roughly 150 PH/s to more than 200 PH/s) and be immediately revenue-generating.
Strategic Partnerships
BlueFlare serves as the development manager and owner's representative for the 10 MW Alberta AI/HPC powered land project, handling engineering, permitting, and construction using behind-the-meter natural gas expertise.
Terms: Definitive agreement negotiated within 30 days of the April 20, 2026 LOI; payments tied to milestone deliverables within the $30M-$35M project budget.
To integrate structured onchain yield strategies within AVAX One's treasury framework by deploying AVAX tokens into Treehouse's liquid staking primitive (tAVAX).
Terms: AVAX One deployed more than 800,000 AVAX into the tAVAX strategy, targeting an approximate 6% annualized yield.
Selected to lead foundational engineering and design work (including the Design Basis Memorandum, project schedule, plot plan, and system architecture) for the 10 MW Alberta facility.
Terms: Engaged under the infrastructure development program managed by BlueFlare.