Axe Compute terminates CEO Vennare; appoints Miglino as new CEO, grants 500K options

Axe Compute Inc.

Raymond Vennare terminated without cause as CEO, effective Feb 9, 2026; receives $575k severance and $287.5k 2025 bonus.
Christopher Miglino appointed CEO and board member, effective Feb 9, 2026.
Miglino's annual base salary is $575k; bonus up to 50% of salary; inducement stock options for 500k shares vesting over 3 years.
Press release signals strategic focus on decentralized compute and AI infrastructure under new leadership.

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