AVAX One Signs LOI to Acquire Bantry Data Site for $2.3M

AVAX One Technology Ltd. announced it has signed a non-binding letter of intent to acquire the Bantry Data Site, an energy-advantaged data center site in Alberta, Canada, for $2.3 million. This acquisition marks the first step in the company's power-first data center expansion across Western Canada, focusing on AI and HPC infrastructure. The transaction is subject to due diligence and a definitive agreement, with a targeted closing date of August 1, 2026.