AVAX One Technology Ltd. (NASDAQ: AVX) signed a Front End Engineering & Design proposal for a 10-megawatt AI and high-performance computing micro-grid data center at the 4-31 Battery site in Alberta, Canada, according to a company statement.

BlueFlare Energy Solutions, an Alberta-based data center implementation firm, will conduct the FEED study without upfront capital commitment from AVAX One. The study will be performed by one of three pre-qualified international engineering firms to establish technical foundations, regulatory pathways and project costs.

The Alberta site features behind-the-meter natural gas-to-power capability, proximity to 138 kV transmission infrastructure, redundant fiber connectivity and highway access. The facility is positioned as one of Alberta's first dedicated micro-grid powered AI and HPC facilities.

AVAX One also acquired 220 Bitmain Antminer S21 Pro ASIC mining machines for less than $500,000. This acquisition increases the company's total hash rate capacity in Alberta by approximately 33%, from roughly 150 petahash to more than 200 petahash.

"We are launching a strategy that we believe directly aligns with one of the most significant infrastructure type opportunities of the coming decade," said Jolie Kahn, Chief Executive Officer of AVAX One. "Demand for AI and high-performance computing continues to accelerate, while access to power remains the primary bottleneck."

The company operates with power costs of approximately $0.04 per kilowatt-hour. AVAX One's strategy combines bitcoin mining for near-term revenue generation while developing longer-term AI and HPC data center operations.

The modular data center approach targets regions with low-cost energy resources. Behind-the-meter natural gas power generation provides on-site power independent of grid capacity limitations or utility approval processes.