Business UpdateJun 16, 2026, 08:32 AM
AVAX One Launches AI Inference Pilot, Converting 100 kW Capacity
AI Summary
AVAX One Technology Ltd. announced the launch of an initial AI inference pilot at its Redwater facility, aiming to convert approximately 100 kilowatts of excess capacity from Bitcoin mining to AI workloads. The pilot is expected to be operational within approximately 12 weeks and will serve as a proof point for the company's AI/HPC data center program in Alberta. Management anticipates that AI inference can generate a significant multiple of Bitcoin mining's gross revenue per kilowatt-hour, and the pilot will validate these economic assumptions and demand aggregation for future projects, including a 10 MW facility targeted for Q1 2027.
Key Highlights
- AVAX One launched an initial AI inference pilot at its Redwater facility.
- Approximately 100 kilowatts of excess capacity will be converted from Bitcoin mining to AI workloads.
- The pilot is expected to be operational within approximately 12 weeks.
- Preliminary economic assessments suggest AI inference can generate a significant multiple of Bitcoin mining's gross revenue per kilowatt-hour.
- The pilot aims to validate economic assumptions, demand aggregation, and real-world per-user revenue.
- Results will inform the configuration and commercialization of the new 10 MW Tier 3-ready facility in Alberta, targeted for Q1 2027.
- AVAX One currently mines Bitcoin at approximately 300 PH/s.
Price Impact
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