AVAX One launches CEO search after resignation of interim leader Jolie Kahn
The Avalanche-focused treasury company taps executive search firm ZRG Partners to find a permanent replacement while COO Pete Wylie holds down the fort
AVAX One Technology, the NASDAQ-listed company that reinvented itself as an Avalanche token treasury vehicle, is looking for a new chief executive after CEO Jolie Kahn resigned effective immediately on July 6.
The board has appointed COO Pete Wylie as interim CEO and engaged executive search firm ZRG Partners to find a permanent replacement.
From agriculture to Avalanche
This company used to be called AgriFORCE Growing Systems. It pivoted to become a digital asset treasury company focused on accumulating and staking AVAX tokens, plus building out infrastructure for Bitcoin mining and AI computing.
Kahn was the architect of that transformation, and under her leadership the company built a treasury holding of approximately 13.8 to 14 million AVAX tokens. More than 90% of those tokens have been staked at various points, generating yield while supporting the Avalanche network.
The company hit a notable milestone on January 21, 2026, when it launched its first public Avalanche validator node. For a publicly traded company, it’s a tangible way to demonstrate commitment to the ecosystem beyond just holding tokens on a balance sheet.
Preliminary revenue for Q1 2026 came in at around $2.4 million, more than double what the company generated in the previous quarter. That growth reportedly stems from a combination of AVAX staking rewards and Bitcoin mining revenue.
Why the departure matters
Kahn didn’t just inherit a crypto treasury strategy. She built it from scratch, steering the company away from agricultural technology and toward digital assets.
AVAX One has already faced share price volatility and reports of financial struggles, even before this leadership shakeup. The company’s stock trades on NASDAQ under the ticker AVX.
The engagement of ZRG Partners, a dedicated executive search firm, signals that the board is taking the permanent hire seriously rather than simply promoting from within.
What investors should watch
The advisory involvement of Anthony Scaramucci adds a degree of political and financial world connectivity. The company has also executed share buybacks alongside its AVAX acquisitions, suggesting management believes the stock is undervalued relative to its crypto holdings.