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AVAX One signs a no\u2011upfront\u2011capex 10MW AI\/HPC microgrid deal in Alberta and buys 220 S21 Pro miners, lifting hash rate 33% and formalizing a dual AI infra plus Bitcoin mining strategy.<\/p>\n
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AVAX One Technology has committed to a 10 megawatt AI and high\u2011performance computing microgrid data center in Alberta, Canada, tying its turnaround story to the convergence of power\u2011hungry AI workloads and Bitcoin mining economics. In a statement released via GlobeNewswire, the company said it has signed a Front End Engineering & Design (FEED) proposal with BlueFlare Energy Solutions for a 10MW AI\/HPC micro\u2011grid at the 4\u201131 Battery site, describing the facility as \u201cone of Alberta\u2019s first dedicated micro\u2011grid\u2011powered AI and high\u2011performance computing data centers.\u201d The FEED will be conducted \u201cwithout any upfront capital commitment from AVAX One,\u201d relying on an independent review from one of three pre\u2011qualified international engineering firms to define technical, regulatory and cost parameters before a final investment decision.<\/p>\n
According to AVAX One, the 4\u201131 Battery site offers behind\u2011the\u2011meter natural\u2011gas\u2011to\u2011power capability, proximity to 138 kV transmission lines, redundant fiber and highway access, giving the project both cheap energy and export optionality. BlueFlare CEO Landon Ruszkowski called the FEED engagement \u201cthe first formal step in what we believe will become a landmark AI infrastructure project in Alberta,\u201d emphasizing that the study will set the foundation for a scalable, modular compute build\u2011out. AVAX One CEO Jolie Kahn framed the initiative in macro terms, saying, \u201cWe are launching a strategy that we believe directly aligns with one of the most significant infrastructure\u2011type opportunities of the coming decade. Demand for AI and high\u2011performance computing continues to accelerate, while access to power remains the primary bottleneck.\u201d<\/p>\n
While the FEED runs in parallel with early site work, AVAX One has bought 220 Bitmain Antminer S21 Pro machines for under $500,000 to immediately monetize available power and stabilize cash flow. The company said the purchase will \u201cincrease [its] total hash rate capacity in Alberta by approximately 33%, from roughly 150 petahash to more than 200 petahash,\u201d effectively turning the interim phase of the AI project into a Bitcoin mining expansion. A KuCoin flash note on the announcement highlighted the move as a deliberate \u201cdual\u2011track strategy of \u2018mining + AI computing,\u2019\u201d arguing that rapid monetization of stranded energy can improve the risk\u2011reward profile of AVAX One\u2019s AI infrastructure build.<\/p>\n
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Management is now explicitly positioning AVAX One as a hybrid AI infrastructure and Bitcoin mining platform, using low\u2011cost Canadian natural gas as the common input. \u201cOur goal is to leverage behind\u2011the\u2011meter energy and modular data center design to support both AI and digital asset workloads, capturing upside from two fast\u2011growing, power\u2011constrained markets,\u201d Kahn said, adding that the FEED structure \u201callows us to advance a 10MW AI\/HPC opportunity without dilutive upfront capital while our mining operations generate cash flow.\u201d<\/p>\n
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AVAX One signs a no\u2011upfront\u2011capex 10MW AI\/HPC microgrid deal in Alberta and buys 220 S21 Pro miners, lifting hash rate 33% and formalizing a dual AI infra plus Bitcoin mining…<\/p>\n","protected":false},"author":1,"featured_media":21606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25271"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25271\/revisions"}],"predecessor-version":[{"id":25272,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25271\/revisions\/25272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21606"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}