AVAX One Technology Ltd. (NASDAQ: AVX) announced the launch of an AI inference pilot at its Redwater facility, aimed at testing the conversion of approximately 100 kilowatts of excess Bitcoin mining capacity to AI workloads. The company said it expects the pilot to be operational within approximately 12 weeks.

The pilot is being implemented with the company's infrastructure development partner, with due diligence conducted through a retained engineering firm. Any capacity not used for AI inference will continue to be allocated to Bitcoin mining.

According to preliminary economic assessments prepared with the company's advisors, AI inference can generate a higher gross revenue per kilowatt-hour than Bitcoin mining when hardware is fully utilized. The company said the highest returns are expected from coding assistant and AI-agent workloads. The company described these figures as internal planning estimates that assume high hardware utilization.

"We believe power is the scarcest resource in AI, and we already own it," said Jolie Kahn, CEO of AVAX One. "This pilot answers a simple question with real customers and real workloads: how much more can our power earn serving AI than mining Bitcoin?"

The pilot is intended to serve as a proof point ahead of the company's previously announced 10 megawatt AI and high-performance computing powered land program in Alberta, Canada, which is targeted for client readiness in the first quarter of 2027. The company said pilot results will inform the configuration and commercialization of that facility.

The two primary assumptions the pilot aims to validate are that demand can be aggregated to maintain high hardware utilization, and that real-world per-user revenue matches internal models.