Project UpdateApr 30, 2026, 08:32 AM
AVX Partners BlueFlare for 10 MW Alberta AI/HPC Site; Q1 2027 Ready
AI Summary
AVAX One Technology Ltd. (AVX) announced a partnership with BlueFlare Energy Solutions Inc. for its 10 MW Tier 3-ready AI/HPC powered land site in Alberta, targeting Q1 2027 readiness. This collaboration leverages BlueFlare's expertise in behind-the-meter natural gas power generation, offering dedicated on-site power, predictable low costs, and immediate deployment, distinguishing AVX from grid-dependent competitors. The company is also evaluating additional Western Canada locations (5 MW to 50+ MW) and reported a strong cash balance of approximately $27 million as of March 31, 2026, supporting development without dilutive capital raises.
Key Highlights
- Engaged BlueFlare Energy Solutions Inc. as infrastructure development partner for Alberta site.
- 10 MW Tier 3-ready AI/HPC powered land site in Alberta on schedule for Q1 2027 readiness.
- Utilizes fully behind-the-meter natural gas power generation for grid independence.
- Evaluating additional Western Canada sites ranging from 5 MW to 50+ MW.
- Held cash balance of approximately $27 million as of March 31, 2026.
- 7 MW mission-critical capacity has gross annual revenue potential of $7-$12+ million.
- Operates Bitcoin mining at approximately 300 PH/s hashrate.
- BlueFlare is selecting Owner's Engineer, advancing project from LOI to technical execution.