Overview
- Jolie Kahn resigned effective immediately and the board appointed Chief Operating Officer Pete Wylie as interim CEO, a change announced on Monday.
- The board retained global search firm ZRG Partners to run a comprehensive hunt for a permanent CEO and said Kahn’s departure was not the result of any disagreement with the company.
- Company filings and press statements say daily operations continue, including Bitcoin mining at about 300 PH/s and a strategic Avalanche token treasury that the company reports holds roughly 13.8–14 million AVAX with most tokens staked.
- Crypto-focused reporting added details on compensation and corporate moves, saying Kahn’s separation package included cash and restricted shares and that Wylie will receive an interim monthly fee while he keeps COO duties.
- AVAX One’s transformation from AgriFORCE into a crypto-treasury and modular data‑center operator has driven recent revenue growth—preliminary Q1 2026 revenue was reported at about $2.4 million—and the board’s actions signal a push to maintain that strategy while new leadership is sought.