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AVAX One Starts No-Capex FEED for 10MW Alberta AI Microgrid

The plan reduces risk by starting design work with no upfront spend to generate early cash from added Bitcoin miners.

Avax one pivots to “ai infra + bitcoin hash” with 10mw alberta microgrid

Overview

  • AVAX One signed a Front End Engineering & Design proposal with BlueFlare for a 10 megawatt AI and high-performance computing microgrid in Alberta.
  • The FEED requires no upfront capital from AVAX One and will be reviewed by an independent international engineering firm before any final investment decision.
  • The 4-31 Battery site uses behind-the-meter natural gas and sits near 138 kV transmission with redundant fiber and highway access, which can cut power costs and allow power export.
  • To earn revenue during construction, the company bought 220 Bitmain Antminer S21 Pro rigs for under $500,000, lifting its Alberta hash rate about 33% to more than 200 PH/s.
  • Management is positioning a hybrid model that pairs AI compute hosting with Bitcoin mining, which a KuCoin note says can improve risk-reward by turning idle capacity into cash flow.