AVAX One Advances Alberta AI/HPC Site With Behind-the-Meter Natural Gas Model

CryptoProwl

Thu, April 30, 2026 astatine 10:39 AM CDT 2 min read

AVAX One  (NASDAQ: $AVX) said Thursday it is advancing improvement of its 10 MW Tier 3-ready AI/HPC powered onshore tract successful Alberta, confirming that the task volition usage a afloat behind-the-meter earthy state powerfulness procreation exemplary alternatively than relying connected accepted grid interconnection. The tract remains connected docket for end-client deployment readiness successful Q1 2027, with BlueFlare Energy Solutions engaged arsenic infrastructure improvement partner.

The strategy is built astir a occupation present facing overmuch of the AI infrastructure market: powerfulness entree is becoming arsenic important arsenic chips, onshore oregon lawsuit demand. AVAX One said North American grid interconnection queues present transcend 2,400 gigawatts, portion support timelines for ample AI and HPC loads tin tally 24 to 60 months successful galore jurisdictions. By generating powerfulness connected site, the institution is trying to shorten that timeline and springiness imaginable customers a clearer way to energized compute capacity.

BlueFlare is present selecting the owner’s technologist typical for the Alberta site, a measurement AVAX One said moves the task from the letter-of-intent signifier into ceremonial method execution. CEO Jolie Kahn said BlueFlare brings the earthy state expertise and tract relationships needed to committee behind-the-meter powerfulness astatine the velocity the marketplace requires, calling the owner’s technologist enactment the adjacent factual measurement successful the process.

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AVAX One is besides evaluating further Western Canada sites ranging from 5 MW to much than 50 MW each, portion holding discussions with HPC operators, colocation providers and organization superior partners. The institution said it had astir $27 cardinal successful currency arsenic of March 31, giving it much than 3 years of operating runway without selling integer assets.

The Alberta update keeps AVAX One positioned betwixt 2 markets that are progressively overlapping: integer assets and compute infrastructure. The institution inactive mines bitcoin (CRYPTO: $BTC) successful Alberta and Ohio and maintains an Avalanche (CRYPTO: $AVAX) treasury, but the latest tract enactment points to a broader effort to crook energy-controlled onshore into a concern enactment tied to AI and high-performance computing demand.

AVAX One Technology Ltd. (NASDAQ: AVX) banal is presently trading astatine $0.47 U.S. per share.