AVAX One Technology Ltd. abandoned its plans for modular data centers and artificial intelligence and high-performance computing infrastructure to focus on holding and staking AVAX tokens. In the third quarter of 2026, the Nasdaq-listed company reported net income of approximately $49.9 million, including a $55.1 million unrealized gain on digital assets, while revenue amounted to only $2.4 million. AVAX staking rewards generated $1.8 million and Bitcoin mining contributed $0.7 million. As of September 30, 2026, the company held 14.17 million AVAX tokens, with 99.7% actively staked at an annualized yield of approximately 5.85%. It also repaid more than $14.9 million in convertible debt, reduced that debt to zero by early November, and repurchased roughly 384,000 shares in the third quarter followed by about 710,000 more in October under a $40 million program.
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