AVAX One Technology Ltd 2026年季度报告

FORM 10-Q (MarkOne) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40578 AVAX ONE TECHNOLOGY LTD.(Exact name of registrant as specified in its charter) Not Applicable(I.R.S. EmployerIdentification No.) British Columbia(State or other jurisdiction of incorporation or organization) V5Z 1C6(Zip Code) (604) 757-0952(Registrant’s telephone number, including area code) (Former name or former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon SharesAVXNASDAQ Capital Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer” and “smaller reportingcompany” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of May 14, 2026, the registrant had 92,441,312 common shares, no par value per share, issued and 89,616,222 outstanding. TABLE OF CONTENTS PART I — FINANCIAL INFORMATION PART II — OTHER INFORMATION Item 1.Legal Proceedings32Item 1A.Risk Factors32Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 3.Defaults Upon Senior Securities34Item 4.Mine Safety Disclosures34Item 5.Other Information34Item 6.Exhibits34Signatures35 Cautionary Note Regarding Forward-Looking Information This Quarterly Report on Form 10-Q contains certain “forward-looking statements” within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”). These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning futureevents, including, but not limited to, any statements regarding our assumptions about financial performance; the continuation ofhistorical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes inaccounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for futureoperations; volatility and other risks of cryptocurrencies; and the economy in general or the future of the data center industry, all ofwhich were subject to various risks and uncertainties. When used in this Quarterly Report on Form 10- Q and other reports, statements, and information we have filed with the Securitiesand Exchange Commission (“Commission” or “SEC”), in our press releases, in our periodic reports on Forms 10-K and 10-Q, in oralstatements made by or with the approval of an executive officer, the words or phrases “believes,” “may,” “will,” “expects,” “should,”“continue,” “anticipates,” “intends,” “will likely result,” “estimates,” “projects” or similar expressions and variations thereof areintended to identify such forward-looking statements. However, any statements contained in this Quarterly Report on Form 10-Q thatare not statements of historical fact may be deemed to be forward-looking statements. We caution that these statements by their natureinvolve risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a varietyof important factors. We do not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light offactors described in thi