₿$70,753.25▼ 3.16%
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
13.272 BTC
Insufficient history
Stock Price
$0.62
180d
Total financing
16.40M USD
180d
mNAV
63.72x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
14
180d
Mkt capFD
59.84M USD
SharesFD
96.51M
Fiat reserve
22.14M USD
Total reserve
23.07M USD
Dilution
7.5%
Coverage
1.1 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$195M▲1022.6%
Total Liabilities$8M▼9.3%
Stockholders' Equity$187M▲2083.1%
Cash & Equivalents$22.1M▲470.7%
Total Debt—
Digital Assets$153.7M
Income Statement
Revenue$2.3M▲14277.6%
Operating Income$-21.7M▼94.3%
Net Income$-33.2M▼182.9%
Interest Expense—
Cash Flow
Operating Cash Flow$-14.4M▼122.1%
Instruments
AVX-Jun26
Jan '23 – Jun '26
Coupon
8%
Principal
2.75M USD
Outstanding
7.77K USD
Conv. price
2.41 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-May26A
Jul '25 – May '26
Coupon
5%
Principal
833.33K USD
Outstanding
833.33K USD
Conv. price
2.41 USD
AVX-May26B
May '25 – May '26
Coupon
5%
Principal
110.00K USD
Outstanding
86.40K 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
16.18M USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| AVX-Jun26 | Jan '23 – Jun '26 | 8% | 2.75M USD | 7.77K USD | 2.41 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-May26A | Jul '25 – May '26 | 5% | 833.33K USD | 833.33K USD | 2.41 USD | — |
| AVX-May26B | May '25 – May '26 | 5% | 110.00K USD | 86.40K USD | 2.41 USD | — |
| AVX-Jan27 | Jan '26 – Jan '27 | 5% | 7.00M USD | 7.00M USD | 2.41 USD | — |
| Total | 16.18M USD | |||||
Recent Changes
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)
Fri, Nov 14, 2025
Shares Outstanding
4.1M→93.1M+89.0M(+2155.6%)
Massive dilution from PIPE, debt conversions, and equity issuances post-Sep 30
Form 10-Q (Q3 2025)Fri, Oct 24, 2025
Debt OutstandingIssuanceAVX-Oct26
7.7M
Form 10-K (2025)