₿$73,453.80▼ 0.13%
AVAX One Technology Ltd.
AVX🇨🇦Reserve
AgriFORCE Growing Systems (now AVAX One Technology) is a Canadian technology company that operated Bitcoin mining facilities in Alberta powered by stranded natural gas through its TerraHash Digital division. The company retained mined BTC as a treasury asset. In November 2025, the company renamed to AVAX One Technology and pivoted to the Avalanche blockchain ecosystem.
BTC Holdings
21.145 BTC
180d
Stock PriceUpdated 11h ago
$0.53▼ 4.55%
180d
Total financing
15.47M USD
180d
mNAV
35.63x▼ 4.43%
180d
Leverage
0.0%
180d
BTC Risk
0.00%>10x
Sats/Share
20
180d
Mkt capFD
55.34M USD
SharesFD
104.29M
Fiat reserve
27.20M USD
Total reserve
28.75M USD
Dilution
16.4%
Coverage
2.0 yr
BTC mix
0%
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$157.1M▲851.5%
Total Liabilities$14.3M▲228.1%
Stockholders' Equity$142.8M▲1075.1%
Cash & Equivalents$16.5M▲1740.8%
Total Debt$12.7M▲591.2%
Digital Assets$108.5M▲9948.3%
Income Statement
Revenue$2.5M▲377.5%
Operating Income$-44.6M▼1606.5%
Net Income$-46.4M▼455.5%
Interest Expense—
Cash Flow
Operating Cash Flow$-1.3M▲75.2%
Instruments
AVX-Jun26
Nov '23 – Jun '26
Coupon
8%
Principal
2.75M USD
Outstanding
7.77K USD
Conv. price
2.2K USD
BTC Rating
>10x
AVX-Oct26
Oct '25 – Oct '26
Coupon
5%
Principal
7.70M USD
Outstanding
7.70M USD
Conv. price
2.41 USD
AVX-Jul26
Sep '25 – Jul '26
Coupon
5%
Principal
550.00K USD
Outstanding
550.00K USD
Conv. price
2.41 USD
AVX-Jan27
Jan '26 – Jan '27
Coupon
5%
Principal
7.00M USD
Outstanding
7.00M USD
Conv. price
2.41 USD
Total
15.26M USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| AVX-Jun26 | Nov '23 – Jun '26 | 8% | 2.75M USD | 7.77K USD | 2.2K USD | >10x |
| AVX-Oct26 | Oct '25 – Oct '26 | 5% | 7.70M USD | 7.70M USD | 2.41 USD | — |
| AVX-Jul26 | Sep '25 – Jul '26 | 5% | 550.00K USD | 550.00K USD | 2.41 USD | — |
| AVX-Jan27 | Jan '26 – Jan '27 | 5% | 7.00M USD | 7.00M USD | 2.41 USD | — |
| Total | 15.26M USD | |||||
Recent Changes
Thu, May 14, 2026
Shares Outstanding
89.8M→89.6M-182.6K(-0.2%)
Form 10-Q (Q1 2026)
Tue, Mar 31, 2026
BTC Holdings
13.272→21.145+7.873 BTC(+59.3%)
Form 10-Q (Q1 2026)
Debt OutstandingConversionAVX-May26A
833.3K→814.0K-19.3K(-2.3%)
Form 10-Q (Q1 2026)
Debt OutstandingRepaymentAVX-BitGo
220.0K→212.0K-8.0K(-3.6%)
Form 10-Q (Q1 2026)
Fiat Reserve
22.1M→27.2M+5.1M(+22.9%)USD
Preliminary Q1 2026 figure disclosed ahead of 10-Q filing
Form 8-K (Q1 2026 preliminary results & AI/HPC LOI)Tue, Mar 24, 2026
Shares Outstanding
92.9M→89.8M-3.1M(-3.4%)
Down from 92,938,802 at Dec 31 2025 due to share repurchases
Form 10-K (2025)Fri, Jan 2, 2026
Debt OutstandingIssuanceAVX-Jan27
7.0M
Form 10-K (2025)
Wed, Dec 31, 2025
BTC Holdings
3.3→13.272+9.972 BTC(+302.2%)
Form 10-K (2025)
Shares Outstanding
93.1M→92.9M-173.3K(-0.2%)
Reflects 1:100 reverse split Dec 2024 and 1:9 reverse split Jul 2025
Form 10-K (2025)Debt OutstandingConversionAVX-Jun26
1.5M→7.8K-1.5M(-99.5%)
Form 10-K (2025)
Debt OutstandingConversionAVX-Jan25
7.7M→0-7.7M(-100.0%)
Fully converted during 2025
Form 10-K (2025)Debt OutstandingConversionAVX-May26A
833.3K→833.3K-1(-0.0%)
Form 10-K (2025)
Debt OutstandingConversionAVX-May26B
110.0K→86.4K-23.6K(-21.5%)
Form 10-K (2025)
Debt OutstandingRepaymentAVX-BitGo
275.0K→220.0K-55.0K(-20.0%)
Form 10-K (2025)
Fiat Reserve
894.7K→22.1M+21.2M(+2374.1%)USD
Form 10-K (2025)