AVAX One Technology To Acquire The Bantry Data Center Site In Alberta, Canada, For $2.3M

The proposed acquisition would mark the first step in AVAX One’s power-first data center expansion across Western Canada, building on the Company’s existing Alberta operations and its broader planned AI/HPC infrastructure build-out.

The Bantry site fits squarely within AVAX One’s development model, which targets behind-the-meter, energy-advantaged sites capable of supporting modular data center deployments for AI and high-performance computing workloads. "The Bantry Data Site represents exactly the kind of asset we are targeting — an energy-advantaged, behind-the-meter site that can be developed into productive AI and HPC compute capacity on an accelerated timeline," said Jolie Kahn, CEO of AVAX One. "As we advance our data center initiatives in Western Canada, acquisitions like this enable us to build a robust portfolio of powered sites that support our infrastructure strategy without relying on traditional utility timelines.

We look forward to completing due diligence and moving toward a definitive agreement in the coming weeks." Transaction Overview Under the terms of the LOI, AVAX One would acquire the site for a purchase price of $2.3 million with a targeted closing date of August 1, 2026, subject to satisfactory completion of due diligence and negotiation and entry into a definitive purchase and sale agreement.

As part of the LOI, AVAX One has deposited a fully refundable $100,000 deposit with Newbit’s legal counsel.

AVAX One is engaged in a 30-day due diligence period, during which it will have exclusive access to the site and related information, including a virtual data room, on-site inspection access, and the opportunity to engage with the site’s gas supplier.