AI
Axe Compute and Duos Technologies Enter into Agreements For 55 MW of New AI Data Center Capacity Across Multiple U.S. Locations
55 MW agreements secure future AI data center capacity ahead of accelerating, market-wide demandPITTSBURGH and JACKSONVILLE, Fla., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (Nasdaq: AGPU), a neocloud AI infrastructure company delivering dedicated, bare-metal GPU compute and large-scale AI cluster build-outs at global scale, and Duos Technologies Group, Inc. (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center solutions, today announced agreements adding
About this update from Axe Compute Inc.
55 MW agreements secure future AI data center capacity ahead of accelerating, market-wide demand PITTSBURGH and JACKSONVILLE, Fla., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (Nasdaq: AGPU), a neocloud AI infrastructure company delivering dedicated, bare-metal GPU compute and large-scale AI cluster build-outs at global scale, and Duos Technologies Group, Inc. (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center solutions, today announced agreements adding up to 55 MW of AI data center capacity across multiple U.S. locations. The agreements represent over $500 million in expected aggregate payments for dedicated AI data center capacity across multiple U.S. locations. The expansion is in addition to the companies' 10 MW deployment at Duos' facility in Georgia, where Duos is in the process of delivering for Axe Compute. That track record is the foundation for this next phase: more capacity, more locations, and the same standard of execution. Initial project readiness is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning, and performance testing. In addition, Duos and Axe Compute have executed nonbinding term sheets for minority investments by Axe Compute in the entities associated with the projects, with Axe Compute expected to hold 49% of the equity interests. These equity investments remain subject to definitive documentation, satisfaction of closing conditions, and the respective approval processes of both companies. This is a meaningful step for Axe Compute: rather than renting space in someone else's facility, the company will own a stake in the buildings and power that serve its customers. Ownership gives Axe Compute additional long-term control over capacity and cost, a durable asset behind its multi-year customer contracts, and the ability to expand on its own timeline as demand grows. It is an expansion of the Axe Compute Build model at work: capacity that Axe Compute co-engineers, deploys, owns, and operates. Axe Compute's investment also provides a non-dilutive financing model for Duos Technology to launch more data centers faster. For customers, the expansion means more dedicated AI capacity can be ready sooner, at a time when power is scarce. Demand for AI compute is accelerating, and Axe Compute is securing capacity ahead of it to ensure that customer dep...