Axe Compute Enters $500M+ Agreement for 55 MW of AI Data Center Capacity

Axe Compute Inc. (AGPU) announced it has entered into agreements with Duos Technologies Group, Inc. for 55 megawatts (MW) of new AI data center capacity across multiple U.S. locations. The deal represents over $500 million in expected aggregate payments and includes nonbinding term sheets for Axe Compute to acquire a minority equity stake in the projects.

Key Details

• Agreement Value: The agreements represent over $500 million in expected aggregate payments for dedicated AI data center capacity.
• Capacity & Scope: The deal adds 55 MW of AI data center capacity across several U.S. locations, expanding on a previous 10 MW project.
• Equity Investment: Axe Compute has signed nonbinding term sheets to acquire a 49% minority equity interest in the entities associated with the data center projects.
• Timeline: Initial project readiness is targeted to begin in late 2026 and continue into early 2027.