$AVAX A company signs a no-upfront 10MW AI/HPC microgrid contract in Alberta, purchases 220 S21 Pro miners, increases hash rate by 33%, and formalizes dual AI infrastructure and Bitcoin mining strategy.
$AVAX One Technology is building a 10-megawatt AI and high-performance computing microgrid data center in Alberta, Canada, tying its turnaround story to the convergence of power-hungry AI workloads and the Bitcoin mining economy. In a statement released via GlobeNewswire, the company said it has signed a front-end engineering and design (FEED) proposal with BlueFlare Energy Solutions to install a 10MW AI/HPC microgrid at the 4-31 Battery site, describing the facility as “one of Alberta’s first microgrid-powered dedicated AI and high-performance computing data centers.” FEED is implemented “without any up-front capital commitments from companies.” $AVAX One” relies on an independent review from one of three pre-qualified international engineering firms to define technical, regulatory and cost parameters before final investment decisions.
According to $AVAX First, the 4‑31 Battery site offers meter-by-meter natural gas-to-electricity conversion capability, proximity to 138 kV transmission lines, redundant fiber and highway access, providing the project with both cheap energy and export options. BlueFlare CEO Landon Ruszkowski called the FEED effort “a formal first step in what we believe will be Alberta’s landmark AI infrastructure project,” emphasizing that this research lays the foundation for building scalable, modular computing. $AVAX One CEO, Jory Kahn, framed the effort from a macro perspective: “We are launching a strategy that we believe directly aligns with one of the most important infrastructure opportunities of the next decade. Demand for AI and high-performance computing continues to accelerate, but access to power remains a key bottleneck.”
FEED is carried out in parallel with initial site work; $AVAX One person purchased 220 Bitmain Antminer S21 Pro machines for less than $500,000 to quickly monetize available power and stabilize cash flow. The company said the acquisition will “increase Alberta’s total hashrate capacity by approximately 33% from approximately 150 petahashes to over 200 petahashes,” effectively turning the intermediate stage of the AI project into a Bitcoin mining expansion. A flash note on KuCoin’s announcement highlighted the move as a deliberate “dual-track strategy of ‘mining + AI computing'” and argued that rapid monetization of stranded energy can improve energy’s risk-reward profile. $AVAX Build your own AI infrastructure.
Management is now clearly positioning $AVAX One is a hybrid AI infrastructure and Bitcoin mining platform that uses low-cost Canadian natural gas as a common input. “Our goal is to leverage our underlying energy and modular data center design to support both AI and digital asset workloads and derive benefits from two fast-growing power-constrained markets,” Khan said, adding that the FEED structure “allows us to advance our 10MW AI/HPC opportunity without diluting upfront capital while our mining operations generate cash flow.”
