Axe Compute Q2 revenue $3.2M, signs $2.8B in new contracts, TCV >$3B

Axe Compute Inc.

Q2 revenue $3.2M (first full quarter of compute services), up from $35K in Q1 2026 and $3K in Q2 2025.
Net loss $17.2M ($0.87/share) driven by $13.1M non-cash loss on digital assets; Adjusted EBITDA -$4.9M.
Signed >$2.8B in new Build contracts in July, bringing 2026 TCV to >$3B; ARR expected >$696M upon full deployment.
$260M cluster of 2,304 NVIDIA B300 GPUs targeted for Q3 2026 go-live; contract liabilities grew to $60.8M from $0.8M.
Cash $21.9M at quarter-end; net cash from ops $17.4M for H1 2026.

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