Duos sells GPUaaS entity to Axe Compute, repaying $87.8M debt; $42.9M paid over 60 months

DUOS TECHNOLOGIES GROUP, INC.

Axe Compute (Nasdaq: AGPU) acquires 100% of Duos Edge AI - GPUaaS, LLC, holding 288 Supermicro B300 servers (2,304 GPUs) and networking gear; deal closed September 30, 2026.
Axe repaid the SPV's ~$87.8M pre-existing debt and will pay Duos $715,000/month for 60 months ($42.9M), due within 12 months of closing or upon Axe financing secured by the cluster.
Sale removes ~$98.1M of prospective GPU equipment financing; Duos now leases GPU capacity from Axe and keeps owning/operating the Columbus, Georgia colocation site.
Columbus customer continues under a revised five-year agreement expected to raise revenue over the contract term; 2026 outlook unchanged at revenue above $50M and positive adjusted EBITDA.
Also: 10 MW hyperscaler colocation deal TCV over $111M (July 2026); five-year Axe hosting order across 55 MW of U.S. sites, TCV over $500M (August 2026).

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