Axe Compute signs $260M contract, Q1 net loss $7.7M, first compute revenue

Axe Compute Inc.

$260M 36-month take-or-pay contract for 2,304 NVIDIA B300 GPUs; deployment Q3 2026, expected $21M/quarter revenue.
Q1 2026 net loss $7.7M ($0.36 EPS) on $35K revenue; includes $4.3M non-cash mark-to-market loss on digital assets.
First compute services revenue recognized; contract liabilities $645K from customer prepayments.
Appointed Kyle Okamoto President and Jeremy Yaukey-Witter CFO; evaluating sale of Drug Discovery business.
Liquidity $36.5M: $6.9M cash, $20.2M in ATH digital assets, $9.4M current digital asset receivable.

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