Avax One Technology (AVX) Registration filing summary

Company overview and business model

• Operates as an Ag-Tech company focused on proprietary IP for agricultural improvements, plant-based ingredients, and sustainable Bitcoin mining.

• Recent expansion includes three Bitcoin mining facilities in Alberta, Canada and Ohio, USA, leveraging sustainable energy and integrating agricultural operations.

• Commercializes patented processes for high-protein, high-fiber, low-carb flours and food products, targeting both B2B and B2C channels.

• Develops and licenses controlled environment agriculture (CEA) technology and clean room systems for food safety and crop yield optimization.

Financial performance and metrics

• Weighted average cost to mine one Bitcoin is approximately $41,000, with site-specific costs ranging from $36,000 to $58,000 per BTC.

• Recent acquisitions funded by a $50 million financing facility, with the first $7 million tranche used for asset purchases.

• As of April 2025, the company has completed the purchase of 500 additional Antminers, increasing total hash rate by 63% at Ohio sites.

• All mined Bitcoin is held in cold storage, with no sales to date; policy for liquidation is under development.

Use of proceeds and capital allocation

• No proceeds from this offering will go to the company; all proceeds go to selling stockholders.

• Funds and future earnings are intended to support business development and expansion, with a target to hold 10% of treasury assets in Bitcoin.