Duos Technologies Group, Inc. announced its project entities have executed five-year hosting service agreements with Axe Compute Inc. for high-density AI data center capacity. This represents a significant milestone in the company's strategy to develop and operate AI infrastructure.
Key Details
- Agreement Value: The five-year agreements are valued at over $500 million in aggregate contractual base payments, excluding electricity and other usage-based charges.
- Capacity & Scope: The orders cover an aggregate of 55 megawatts (MW) of total AI facility capacity across multiple U.S. data center sites.
- Timeline: Initial project readiness is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning, and customer acceptance.
- Additional Terms: The agreements include renewal options and rights for potential future expansion. The companies also signed nonbinding term sheets for potential minority investments by Axe Compute in the project entities.