AVAX One Reports Q2 Revenue of $2.8 Million, Net Loss of $35.1 Million

AVAX One has announced its financial results for the second quarter of 2026, reporting revenue of $2.8 million, which is more than five times the revenue of $452,000 in the same period of 2025. In Q2, AVAX staking rewards amounted to approximately $2.1 million, while Bitcoin mining revenue was around $700,000. The company incurred a net loss of $35.1 million in Q2 due to fluctuations in the market value of digital assets, which included an unrealized loss of $29.75 million and an impairment of $2.61 million on liquid staking tokens. After excluding non-cash items, the adjusted net loss was $2.2 million. As of August 13, AVAX One holds a total of 14.091 million AVAX and equivalents, with about 800,000 deployed to Treehouse. Approximately 95% of its assets are staked, yielding an annualized return of about 5.4%. The company repurchased approximately 144,800 shares in Q2, bringing the total repurchased to about 417,500 shares since November 2025. AVAX One plans to repurpose approximately 100 kW of idle Bitcoin mining capacity at the Redwater facility for AI inference operations, maintaining its full-year guidance for 2026, with expected annual revenue of $11 million to $12 million and EBITDA of $2 million to $3 million.

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