Avax One (AVX) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 18, 2026 astatine 8:13 AM CDT 22 min read

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DATE

Thursday, May 14, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Jolie Kahn

• Chief Financial Officer — Christopher Polimeni

Full Conference Call Transcript

Jolie Kahn: Thank you, operator, and convey you each for joining america today. The archetypal 4th represented an important modulation play for Avax One arsenic we laid the groundwork for our improvement into a powerfulness archetypal integer infrastructure company. Over the past fewer months, we person formally expanded into AI and high-performance computing infrastructure, laying the groundwork for our continued transformation. Broadens our Bitcoin mining level and oriented concern astir scalable behind-the-meter powerfulness assets that we judge tin enactment semipermanent maturation and profitability. Additionally, we furthered our Avalanche treasury strategy, which continues to supply a differentiated root of output generation, ecosystem alignment and strategical optionality.

The operation of these initiatives reflects deliberate repositioning of our concern astir the carnal and integer infrastructure, we judge volition specify the adjacent signifier of artificial quality and the connected concatenation fiscal economy. Over the past respective years, the concern communicative astir AI infrastructure has mostly centered connected hyperscale information centers and multi-gigawatt campuses. While that substance is captious for 4 tier exemplary training, we judge a important and progressively important conception of AI request is emerging extracurricular and smaller than the hyperscale ecosystem. Enterprise inference workloads, borderline AI applications, regulated industries and midsized machine operators progressively necessitate dedicated, reliable and geographically distributed infrastructure that hyperscale providers are not structurally optimized to deliver.

These customers are constrained by latency requirements and information sovereignty considerations, operational resilience standards and entree to power. Across North America, inferior interconnection cues and transmission constraints proceed to widen clip lines for caller compute deployments by aggregate years. We judge the marketplace is entering a play wherever entree to dedicated cost-efficient powerfulness becomes the defining competitory vantage successful AI and machine infrastructure. That is the accidental we are positioning Avax One address. Our strategy is centered connected modular down the metre AI/HPC infrastructure deployed successful vigor vantage regions.

We are presently advancing our archetypal 10-megawatt Tier 3 acceptable captious powerfulness installation successful Alberta, Canada which is designed astir dedicated flared earthy state generation, battery, vigor retention integration and modular microgrid architecture. Over the past respective weeks, we person continued to marque tangible advancement connected that deployment initiative. We antecedently engaged BlueFlare Energy Systems to enactment front-end engineering and plan activities for the site. And earlier this period announced the enactment of ASCENT Consulting arsenic our technologist for the project. ASCENT volition pb engineering and plan is to task advances from conceptual readying into elaborate engineering and AESO-ready deliverables. The task is connected docket for incline deployment readiness during the archetypal 4th of 2027.