Axe Compute takes full ownership of Georgia AI cluster, retires $87.8M debt, extends customer deal to 2031

Axe Compute Inc.

Axe Compute acquired 100% of the SPV owning the Columbus, Georgia AI cluster from Duos Technologies Group; closed September 30, 2026, announced October 5, 2026.
Consideration: repaid ~$87.8M of SPV asset-backed debt plus $42.9M deferred purchase price at $715,000/month for 60 months; no new equity issued.
Cluster comprises 288 Supermicro servers with 2,304 NVIDIA B300 GPUs; customer agreement extended from three years to five years, running through 2031 with renewal options.
Axe expects ~$364.6M revenue over the contract life with improved gross margin; Duos covers colocation and energy costs, fixing power costs for the full five-year term.
Deferred balance due in full by earlier of 12 months after signing or when Axe secures financing on the Georgia Cluster; Axe plans to pay it from cluster cash flow.

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