Bantry Data Site

AVAX One, a digital infrastructure company, is set to acquire the Bantry Data Site located in Bantry, Alberta, Canada. The non-binding letter of intent outlines a proposed acquisition for $2.3 million with a targeted closing date of August 1. This acquisition aligns with AVAX One's strategic pivot towards Artificial Intelligence (AI) and High-Performance Computing (HPC) infrastructure.

The Bantry Data Site is described as an energy-advantaged, behind-the-meter location, fitting AVAX One's development model for supporting modular data center deployments. This acquisition will build upon the company's existing operations in Alberta and its broader infrastructure build-out plans. AVAX One aims to accelerate the development of AI and HPC compute capacity by securing powered sites that do not rely on traditional utility timelines. The company previously operated as AgriForce and is focused on accelerating the transition to an onchain financial economy, with existing cryptomining sites in Alberta and Ohio.