AVAX One's revenue rose 364% year over year, while it swung to net income from a loss. The revenue increase reflected the launch of Avalanche Protocol operations in late 2025 and higher Bitcoin Mining revenue; a sharp improvement in AVAX market value also drove operating income.
Financial Highlights
¹ Reported as “REVENUE”. ² Reported as “Net income (loss)”. ³ Reported as “Basic and diluted net income (loss) per common share, total”.
Business Highlights
- Avalanche Protocol: Revenue was $1.8M, with operations launched in the fourth quarter of 2025.
- Bitcoin Mining: Revenue increased 27% to $666K, primarily due to increased mining infrastructure.
- Digital assets: Unrealized market valuation gains reflected improvement in the market value of AVAX tokens during the period.
- Mining equipment: A $653K loss on disposal of operating assets was attributable to upgrading Bitcoin Mining machines.
- Manna business: The company anticipates closing the sale during the fourth quarter of 2026.
Original SEC Filing: AVAX ONE TECHNOLOGY LTD. [ AVX ] - 10-Q - Nov. 12, 2026
