AVAX One's Q2 revenue grew more than 5 times, with a net loss of $35.1 million

AVAX One announced its Q2 2026 financial report, with revenue of $2.8 million, a more than fivefold increase from the same period in 2025, which was $452000. AVAX staking rewards amounted to $2.1 million, and Bitcoin mining revenue was $700000. Affected by asset impairment, the company incurred a net loss of $35.1 million in the second quarter, including unrealized losses of $29.75 million and impairment of $2.61 million in liquid collateral, resulting in an adjusted net loss of $2.2 million. As of August 13th, AVAX One holds 14.091 million AVAX and its equivalents, of which 800000 have been deployed to Treehouse. The company repurchased 144800 shares in the second quarter and accumulated 417500 shares since November 2025. It plans to convert the 100 kW production capacity of the Redwater facility to AI inference business, with an expected annual revenue of $11 million to $12 million and EBITDA of $2 million to $3 million in 2026.