AVAX One Technology Ltd. announced the signing of a Front End Engineering & Design (?FEED?) proposal for the development of a 10 megawatt (MW) AI/HPC Micro-Grid Data Center at the 4-31 Battery site in Alberta, Canada. This initiative marks a significant step in advancing one of Alberta?s first dedicated micro-grid powered artificial intelligence and high-performance computing facilities.Under the terms of the engagement, a third party firm, BlueFlare Energy Solutions Inc. (?BlueFlare?), an Alberta based data center implementation firm, will lead the FEED study, which will establish the technical foundation, regulatory pathway, and project cost framework required to advance the facility toward a final investment decision. In a demonstration of mutual confidence in the project?s viability, this FEED study will be implemented without any upfront capital commitment from the Company and will consist of an independent initial analysis to be conducted by one of three pre-qualified major international engineering firms. The 4-31 Battery site offers a compelling set of infrastructure advantages, including behind-the-meter natural gas-to-power capability, proximity to 138 kV transmission infrastructure, redundant fiber connectivity, and accessible logistics via Highway 36.

The FEED program will run concurrently with the planned build timeline at the site, enabling the AI/HPC development pathway to be fully defined in parallel with initial site operations. The strategy is centered on developing modular, power-first data center infrastructure in energy-advantaged regions, enabling accelerated deployment timelines and efficient capital utilization. AVAX One believes that increasing constraints around power availability and grid interconnection are creating a structural supply-demand imbalance, positioning alternative, behind-the-meter solutions as a critical component of future capacity expansion.

In a concurrent development underscoring the Company?s growth strategy, AVAX One has completed the acquisition of 220 Bitmain Antminer S21 Pro (234 TH/s) ASIC mining machines. This initiative is expected to increase total hash rate capacity in Alberta by approximately 33%, from roughly 150 petahash to more than 200 petahash, and is designed to be rapidly deployable and immediately revenue-generating with a modest capital investment of less than $500,000. This initial deployment is intended to monetize available power capacity while serving as a foundational step in the Company?s broader infrastructure buildout.

The Bitmain S21 Pro is both cost effective and energy-efficient compared to many Bitcoin mining machines currently available, and the acquisition positions AVAX One for increased mining revenue during the period leading up to the AI/HPC facility?s construction and commissioning. The Company?s platform is focused on regions with abundant, low-cost energy resources, including Alberta, where favorable market conditions support scalable, behind-the-meter power generation and rapid deployment. By integrating energy and compute at the site level, AVAX One aims to develop a flexible infrastructure platform capable of supporting evolving workload demands, while maintaining the ability to redeploy assets and expand across future locations.Modular data centers have emerged as the preferred deployment vehicle for edge and far-edge compute clients, offering faster commissioning timelines compared to conventional facilities.

However, the availability of sufficient, dedicated, and cost-competitive power remains the single most critical constraint limiting the deployment of these assets ? particularly in remote or grid-constrained locations.Behind-the-meter natural gas power generation addresses this constraint directly, providing operators with an on-site, controllable, and dispatchable power source that is independent of grid availability, capacity limitations, or utility approval cycles. The growing prevalence of natural gas as a primary power source for data center infrastructure reflects both the economics of the fuel and its ability to deliver reliable baseload generation at scale.

In addition to launching its data center strategy, AVAX One continues to advance its digital asset treasury strategy and broader Avalanche ecosystem initiatives, including exploring decentralized finance-based yield opportunities and evaluating strategic transactions that support the continued migration of financial applications onto the Avalanche blockchain. It?s longer term goals include utilizing this data center initiative to power various businesses it aspires to bring onchain with the Avalanche blockchain.