Avalanche One Technology Q2 revenue jumps 460%, loss widens on AVAX markdown

Avalanche treasury company Avalanche One Technology (AVX) posted second-quarter revenue of $2.8 million, up about 460% from a year earlier, Business Insider reported. About 75% of revenue came from AVAX staking rewards, while Bitcoin mining revenue totaled about $700,000. Net loss for the quarter widened to $35.1 million, and the company held 14.09 million AVAX as of Aug. 13.