AVAX One Technology Ltd. filings document the company’s transition from AgriFORCE Growing Systems Ltd. into a Nasdaq-listed company focused on Avalanche digital asset treasury activities and related digital infrastructure. Recent 8-K reports address material events, press-release exhibits, Nasdaq minimum-bid-price compliance, legality opinions tied to an effective Form S-3, and resale-registration information for common shares issued in a private placement.
Proxy materials describe annual-meeting voting matters, including director elections, board size, auditor ratification and other shareholder governance proposals. The filing record also covers capital-structure disclosures, selling-stockholder information, common-share registration matters, forward-looking statement risk language, and corporate-name history following the AGRI-to-AVX identity change.
AVAX One Technology reported Q1 2026 results showing rapid growth but a large loss. Revenue rose to $2.5 million from $0.3 million a year earlier, driven by its shift toward AI and high‑performance computing infrastructure. However, heavy digital asset losses and operating costs led to a net loss of $46.4 million.
The company reaffirmed 2026 guidance, targeting revenue of about $11–44 million and EBITDA of roughly $2–25 million across different Bitcoin and Avalanche price scenarios, and held roughly 14 million AVAX tokens as of May 14, 2026. AVAX One also detailed its Nasdaq listing deficiency and has until July 6, 2026 to regain the $1.00 minimum bid price, potentially using a reverse stock split subject to shareholder approval on May 29, 2026.
AVAX One Technology reported Q1 2026 results showing rapid growth but a large loss. Revenue rose to $2.5 million from $0.3 million a year earlier, driven by its shift toward AI and high‑performance computing infrastructure. However, heavy digital asset losses and operating costs led to a net loss of $46.4 million.
The company reaffirmed 2026 guidance, targeting revenue of about $11–44 million and EBITDA of roughly $2–25 million across different Bitcoin and Avalanche price scenarios, and held roughly 14 million AVAX tokens as of May 14, 2026. AVAX One also detailed its Nasdaq listing deficiency and has until July 6, 2026 to regain the $1.00 minimum bid price, potentially using a reverse stock split subject to shareholder approval on May 29, 2026.
AVAX One Technology Inc. Schedule 13G/A amendment reports shared beneficial ownership stakes controlled by related entities and Wei Zhu as of May 15, 2026. The filing lists 3,953,715 shares held by Bastion Trading, 5,007,777 shares held by Lucio Holding, and aggregate shared voting/control tied to Mr. Zhu. The percentages use a base of 89,616,222 common shares outstanding as of May 14, 2026.
The report clarifies organizational relationships: Bastion Trading is wholly owned by Bastion Holdings; Mr. Zhu is director of Bastion Holdings and Lucio Holding and may be deemed to share voting and dispositive power over the listed holdings.
AVAX One Technology Inc. Schedule 13G/A amendment reports shared beneficial ownership stakes controlled by related entities and Wei Zhu as of May 15, 2026. The filing lists 3,953,715 shares held by Bastion Trading, 5,007,777 shares held by Lucio Holding, and aggregate shared voting/control tied to Mr. Zhu. The percentages use a base of 89,616,222 common shares outstanding as of May 14, 2026.
The report clarifies organizational relationships: Bastion Trading is wholly owned by Bastion Holdings; Mr. Zhu is director of Bastion Holdings and Lucio Holding and may be deemed to share voting and dispositive power over the listed holdings.
AVAX One Technology Ltd. reports Q1 2026 results with revenue of $2.5 million, up sharply from blockchain activities, and a net loss of $46.4 million as digital asset values fell. Large unrealized and realized losses on AVAX and Bitcoin, plus an impairment on liquid staking tokens, drove the deficit.
The company held digital assets with fair value of $108.5 million and cash, cash equivalents and restricted cash of $21.9 million as of March 31, 2026. It continued repurchasing shares and funding operations mainly through convertible debentures while focusing on Avalanche staking, Bitcoin mining and early-stage AI/HPC data center development.
AVAX One Technology Ltd. reports Q1 2026 results with revenue of $2.5 million, up sharply from blockchain activities, and a net loss of $46.4 million as digital asset values fell. Large unrealized and realized losses on AVAX and Bitcoin, plus an impairment on liquid staking tokens, drove the deficit.
The company held digital assets with fair value of $108.5 million and cash, cash equivalents and restricted cash of $21.9 million as of March 31, 2026. It continued repurchasing shares and funding operations mainly through convertible debentures while focusing on Avalanche staking, Bitcoin mining and early-stage AI/HPC data center development.
AVAX ONE TECHNOLOGY LTD. filed an initial ownership report showing that Hivemind Validation Master Fund LP holds 9,245,081 shares of common stock. These shares were issued in a November 5, 2025 private placement at $2.36 per share in exchange for cash and tokens. As a result of the issuer’s share repurchase program, the Master Fund became a 10% owner on January 27, 2026. The shares are held directly by the Master Fund, while Hivemind Capital Partners, LLC, Hivemind Validation QOZ GP LLC and an individual managing partner are associated entities that disclaim beneficial ownership except for any pecuniary interest.
AVAX ONE TECHNOLOGY LTD. filed an initial ownership report showing that Hivemind Validation Master Fund LP holds 9,245,081 shares of common stock. These shares were issued in a November 5, 2025 private placement at $2.36 per share in exchange for cash and tokens. As a result of the issuer’s share repurchase program, the Master Fund became a 10% owner on January 27, 2026. The shares are held directly by the Master Fund, while Hivemind Capital Partners, LLC, Hivemind Validation QOZ GP LLC and an individual managing partner are associated entities that disclaim beneficial ownership except for any pecuniary interest.
AVAX One Technology Ltd. outlined a major strategic shift and early 2026 momentum. The company signed a Letter of Intent with BlueFlare Energy Solutions to develop Tier 3-ready powered land in Alberta supporting a 10 MW AI/high‑performance computing facility, with total project cost estimated at $30–$35 million and a modular micro‑grid design targeting Q1 2027 readiness. AVAX One reported preliminary Q1 2026 revenue of about $2.4 million, more than double Q4 2025, driven mainly by Avalanche staking rewards and Bitcoin mining. Cash totaled $27.2 million, which management says can fund operating costs for more than three years without selling digital assets. By staking over 90% of its AVAX tokens at an annualized yield of roughly 6% and investing in physical compute infrastructure, the company aims to blend on‑chain yield with recurring, high‑margin data center revenue. AVAX One reiterated full‑year 2026 guidance, projecting revenue ranges of $11–$12 million at current crypto prices and up to $43–$44 million under higher price scenarios, with EBITDA between $2–$3 million and up to $24–$25 million.
AVAX One Technology Ltd. outlined a major strategic shift and early 2026 momentum. The company signed a Letter of Intent with BlueFlare Energy Solutions to develop Tier 3-ready powered land in Alberta supporting a 10 MW AI/high‑performance computing facility, with total project cost estimated at $30–$35 million and a modular micro‑grid design targeting Q1 2027 readiness. AVAX One reported preliminary Q1 2026 revenue of about $2.4 million, more than double Q4 2025, driven mainly by Avalanche staking rewards and Bitcoin mining. Cash totaled $27.2 million, which management says can fund operating costs for more than three years without selling digital assets. By staking over 90% of its AVAX tokens at an annualized yield of roughly 6% and investing in physical compute infrastructure, the company aims to blend on‑chain yield with recurring, high‑margin data center revenue. AVAX One reiterated full‑year 2026 guidance, projecting revenue ranges of $11–$12 million at current crypto prices and up to $43–$44 million under higher price scenarios, with EBITDA between $2–$3 million and up to $24–$25 million.
AVAX One Technology Ltd. is asking shareholders at its May 29, 2026 annual meeting to elect five incumbent directors, ratify CBIZ CPAs P.C. as auditor for 2026, approve a reverse stock split, and hold an advisory vote on 2025 executive pay. The reverse split would let the board, any time through December 31, 2026, consolidate common shares at a ratio between 1-for-2 and 1-for-12 to help meet potential Nasdaq listing requirements, with fractional shares cashed out. Shareholders of record as of April 17, 2026, when 89,776,223 common shares were outstanding, are entitled to one vote per share. Executive pay in 2025 included total compensation of $910,905 for CEO Jolie Kahn and $470,000 for CFO Chris Polimeni, largely driven by share-based awards. The company discloses related-party payments, including $383,748 to an asset manager controlled by the chairman and $75,000 in legal fees to the CEO. Its auditors’ reports for 2024 and 2025 included a going-concern paragraph citing substantial doubt about the company’s ability to continue as a going concern. The board unanimously recommends a vote “FOR” all proposals.
AVAX One Technology Ltd. is asking shareholders at its May 29, 2026 annual meeting to elect five incumbent directors, ratify CBIZ CPAs P.C. as auditor for 2026, approve a reverse stock split, and hold an advisory vote on 2025 executive pay. The reverse split would let the board, any time through December 31, 2026, consolidate common shares at a ratio between 1-for-2 and 1-for-12 to help meet potential Nasdaq listing requirements, with fractional shares cashed out. Shareholders of record as of April 17, 2026, when 89,776,223 common shares were outstanding, are entitled to one vote per share. Executive pay in 2025 included total compensation of $910,905 for CEO Jolie Kahn and $470,000 for CFO Chris Polimeni, largely driven by share-based awards. The company discloses related-party payments, including $383,748 to an asset manager controlled by the chairman and $75,000 in legal fees to the CEO. Its auditors’ reports for 2024 and 2025 included a going-concern paragraph citing substantial doubt about the company’s ability to continue as a going concern. The board unanimously recommends a vote “FOR” all proposals.
AVAX One Technology Ltd. is soliciting proxies for its 2026 Annual Meeting to be held at 9:00 AM Pacific on May 29, 2026. Shareholders of record as of April 17, 2026 may vote on election of five directors, ratification of CBIZ CPAs P.C. as auditor, an advisory say-on-pay vote, and a proposed reverse split of common shares at a ratio between 1-for-2 and 1-for-12. The Board recommends a vote FOR all proposals. The notice states there will be no virtual attendance option and sets quorum and voting thresholds for each proposal.
AVAX One Technology Ltd. has transformed from an ag-tech business into a crypto-focused company built around an Avalanche (AVAX) digital asset treasury and sustainable Bitcoin mining. It closed a $219.1 million private placement on November 5, 2025 to fund AVAX accumulation and related strategies.
By December 31, 2025, the company owned 12,409,212 AVAX tokens and had generated 49,768 AVAX in staking rewards, recognized as $607,605 of revenue, while also holding rights to additional tokens via security agreements. It purchased 9,377,474 AVAX at an average price of $11.73 per token and uses Hivemind Capital Partners to manage digital asset operations for a 1.25% annual fee.
AVAX One also operates three Bitcoin mining facilities in Alberta and Ohio, running thousands of Antminer units at a weighted average cost of approximately $50,300 per Bitcoin versus a year-end 2025 Bitcoin price of $87,508.83. Despite this repositioning, the company remains loss-making, reporting cumulative net losses of $93,977,325 and a 2025 net loss from continuing operations of $31,994,535, and it highlights significant risks from crypto price volatility, regulation, financing needs and a Nasdaq minimum bid-price deficiency notice.
AVAX One Technology Ltd. has transformed from an ag-tech business into a crypto-focused company built around an Avalanche (AVAX) digital asset treasury and sustainable Bitcoin mining. It closed a $219.1 million private placement on November 5, 2025 to fund AVAX accumulation and related strategies.
By December 31, 2025, the company owned 12,409,212 AVAX tokens and had generated 49,768 AVAX in staking rewards, recognized as $607,605 of revenue, while also holding rights to additional tokens via security agreements. It purchased 9,377,474 AVAX at an average price of $11.73 per token and uses Hivemind Capital Partners to manage digital asset operations for a 1.25% annual fee.
AVAX One also operates three Bitcoin mining facilities in Alberta and Ohio, running thousands of Antminer units at a weighted average cost of approximately $50,300 per Bitcoin versus a year-end 2025 Bitcoin price of $87,508.83. Despite this repositioning, the company remains loss-making, reporting cumulative net losses of $93,977,325 and a 2025 net loss from continuing operations of $31,994,535, and it highlights significant risks from crypto price volatility, regulation, financing needs and a Nasdaq minimum bid-price deficiency notice.
AVAX One Technologies Ltd. reported that Nasdaq notified the company it is not in compliance with the exchange’s minimum bid price rule, which requires a closing bid of at least $1.00 per share for 30 consecutive business days. AVAX’s common shares traded below this threshold, triggering a potential suspension or delisting process.
The company is timely requesting a hearing before a Nasdaq Hearings Panel, which will automatically stay any suspension or delisting while the hearing and any granted extension are pending. The Panel may grant an extension of up to 180 days from the date of the notice. AVAX plans to present a strategy to regain compliance but warns there is no assurance of a favorable outcome or continued listing on The Nasdaq Capital Market.
AVAX One Technologies Ltd. reported that Nasdaq notified the company it is not in compliance with the exchange’s minimum bid price rule, which requires a closing bid of at least $1.00 per share for 30 consecutive business days. AVAX’s common shares traded below this threshold, triggering a potential suspension or delisting process.
The company is timely requesting a hearing before a Nasdaq Hearings Panel, which will automatically stay any suspension or delisting while the hearing and any granted extension are pending. The Panel may grant an extension of up to 180 days from the date of the notice. AVAX plans to present a strategy to regain compliance but warns there is no assurance of a favorable outcome or continued listing on The Nasdaq Capital Market.
AVAX One Technology Ltd. updated the selling stockholder information for the resale of 588,084 common shares under a prospectus supplement to its effective Form S-3 registration statement. The revised table lists 242,152 shares for Hypersphere Atlas Master Fund Ltd. and 345,932 shares for Hypersphere Parallel Network Master Fund LP.
The company also filed the related legality opinion as Exhibit 5.1. The filing reiterates that certain statements may be forward-looking and refers readers to existing SEC filings for a discussion of significant risks.
AVAX One Technology Ltd. updated the selling stockholder information for the resale of 588,084 common shares under a prospectus supplement to its effective Form S-3 registration statement. The revised table lists 242,152 shares for Hypersphere Atlas Master Fund Ltd. and 345,932 shares for Hypersphere Parallel Network Master Fund LP.
The company also filed the related legality opinion as Exhibit 5.1. The filing reiterates that certain statements may be forward-looking and refers readers to existing SEC filings for a discussion of significant risks.