AVAX One Simultaneously Expands Bitcoin Mining Operations with Acquisition of 220 Bitmain S21 Pro ASIC Machines

Low-Cost Infrastructure at Approximately $0.04 per kWh Provides Competitive Advantage for Scalable Growth

WEST PALM BEACH, FL, April 07, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ:AVX) ("AVAX One" or the "Company"), today announced the signing of a Front End Engineering & Design ("FEED") proposal for the development of a 10 megawatt (MW) AI/HPC Micro-Grid Data Center at the 4-31 Battery site in Alberta, Canada. This initiative marks a significant step in advancing one of Alberta's first dedicated micro-grid powered artificial intelligence and high-performance computing facilities.

Under the terms of the engagement, a third party firm, BlueFlare Energy Solutions, Inc. ("BlueFlare"), an Alberta based data center implementation firm, will lead the FEED study, which will establish the technical foundation, regulatory pathway, and project cost framework required to advance the facility toward a final investment decision. In a demonstration of mutual confidence in the project's viability, this FEED study will be implemented without any upfront capital commitment from the Company and will consist of an independent initial analysis to be conducted by one of three pre-qualified major international engineering firms.

The 4-31 Battery site offers a compelling set of infrastructure advantages, including behind-the-meter natural gas-to-power capability, proximity to 138 kV transmission infrastructure, redundant fiber connectivity, and accessible logistics via Highway 36. The FEED program will run concurrently with the planned build timeline at the site, enabling the AI/HPC development pathway to be fully defined in parallel with initial site operations.