Axe Compute Acquires Full Ownership of Georgia AI Cluster
Axe Compute Inc. has acquired 100% ownership of the special purpose vehicle that owns its AI cluster in Columbus, Georgia, from Duos Technologies Group, Inc. This acquisition is expected to significantly increase the contract's free cash flow and gross margin.
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12:32:58 PM UTC
SquawkNews
Axe Compute acquired 100% of the SPV owning its Georgia AI Cluster, paid off ~$87.8M debt, and set a $42.9M deferred price. The customer agreement was extended to five years with fixed colocation and energy costs covered by Duos.Material DetailsContext by AI AnalystThis is a strategic consolidation…
12:43:41 PM UTC
SquawkNews
Axe Compute entered into an Equity Purchase Agreement to acquire 100% of Duos Edge AI — GPUaaS, an SPV holding a GPU cluster of 288 Supermicro B300 servers (2,304 GPUs) and networking gear. As consideration, Axe Compute repaid approximately $87.8 million of the SPV’s debt and agreed to a deferred p…
PITTSBURGH, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (NASDAQ: AGPU) today announced that it completed its acquisition from Duos Technologies Group, Inc. (“Duos”) of 100% of the special purpose vehicle (the “SPV”) that owns the Axe Compute AI cluster in Columbus, Georgia (the “Georgia Clus…