[AVAX One Reports Q3 Net Profit of $49.9 Million] According to TechFlow, on November 13th, AVAX One Technology (Nasdaq: AVX), the first publicly listed Avalanche treasury company, announced its Q3 results: As of September 30th, revenue was $2.4 million, more than four times year-over-year (including $1.8 million in staking rewards and $0.7 million in Bitcoin mining); net profit was $49.9 million, or $6.11 per diluted share, compared to a net loss of $8.4 million in the same period last year. Profit primarily came from non-cash items: operating expenses were $50 million, including $55.1 million in unrealized gains from changes in digital asset market value and $483,000 in realized losses. Excluding these, adjusted operating expenses were approximately $4.7 million. Cash and cash equivalents at the end of the period were $8.5 million, compared to $22.1 million at the end of last year. The Treasury holds 14,170,184 AVAX tokens and equivalents (including approximately 850,000 tokens invested in Treehouse), with approximately 99.7% pledged, yielding an annualized return of approximately 5.85%. Regarding the balance sheet, the company repaid over US$14.9 million in convertible bonds in the third quarter, and subsequently repaid the remaining approximately US$970,000, bringing the total convertible bond balance to zero as of November 3. The company repurchased approximately 384,000 shares in the third quarter, and further repurchased 710,000 shares in October at an average price of US$5.46. Under the US$40 million repurchase plan, a total of 1.497 million shares have been repurchased (adjusted for a 1:12 share consolidation on June 15), leaving a remaining quota of approximately US$30.4 million. The company also confirmed that it will no longer pursue its modular data center plan (including the proposed project with BlueFlare Energy), reiterated its focus on the AVAX treasury strategy, and maintained its full-year guidance: based on the current price of Bitcoin at $70,000 and AVAX at $9, revenue is expected to be between $11 million and $12 million, and EBITDA between $2 million and $3 million.