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What is the relationship between AVAX and Avalanche? Are they the same company?
AVAX One Technology announced a strategic plan to develop a 10-megawatt artificial intelligence/high-performance computing microgrid data center in Alberta.
On April 7, AVAX One Technology announced the advancement of its AI infrastructure strategy, planning to build a 10MW AI/HPC microgrid data center in Alberta, Canada, and has signed a front-end engineering design (FEED) plan. The project is positioned as one of the first dedicated AI computing facilities locally.
The project leverages low-cost energy (about $0.04/kWh), combined with a microgrid model, focusing on low-cost, highly scalable AI computing power to meet the growing demand for high-performance computing and artificial intelligence.
Additionally, the company announced the purchase of 220 Bitcoin miners (Bitmain S21 Pro) to increase computing capacity, serving as a transitional cash flow source before the AI data center is operational, achieving a dual-track layout of "mining + AI computing power."$AVAX
{spot}(AVAXUSDT)