Wu has learned that AVAX One (AVX), a Nasdaq-listed Avalanche treasury company, released its third-quarter financial report. Quarterly revenue increased to $2.445 million from $526,000 in the same period last year, with net profit reaching $49.9 million, primarily due to $55.1 million in unrealized valuation gains on digital assets. As of September 30, the company held 14,170,184 AVAX tokens and equivalent assets, of which approximately 99.7% were pledged, with an annualized yield of approximately 5.85%. The company also announced that it will no longer proceed with its previously announced modular data center project, focusing its resources on expanding and managing the AVAX treasury. As of November 3, the company had eliminated all convertible debt. https://(wublock123.com)/news/avax-one-q3-report-holds-14-17m-avax-and-49-89m-profit-71912