AI
Axe Compute Secures $1.5 Billion Five-Year Dedicated AI Infrastructure Contract, Surpassing $3 Billion in 2026 Signed Contracted Value
Five‑year, $1.5 billion B300 cluster contract lifts 2026 signed contracts above $3 billion and is expected to increase ARR to roughly $696 million.More than $534 million in cash prepayments power the next phase of expansion. PITTSBURGH, July 27, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (NASDAQ: AGPU) today announced a new five-year customer agreement with a total committed contract value of over $1.5 billion to deploy a massive NVIDIA Blackwell-based dedicated AI infrastructure cluster in the U
About this update from Axe Compute Inc.
PITTSBURGH, July 27, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (NASDAQ: AGPU) today announced a new five-year customer agreement with a total committed contract value of over $1.5 billion to deploy a massive NVIDIA Blackwell-based dedicated AI infrastructure cluster in the United States. The contract, secured through Axe Compute's Build program, supplies over 9,200 NVIDIA Blackwell B300 GPUs in a purpose‑built cluster designed, deployed, owned, and operated by Axe Compute. Together with previously announced Build agreements, this new contract lifts Axe Compute's total 2026 signed contracted value to more than $3 billion. Axe Compute anticipates receiving over $534 million in aggregate customer prepayments over the next 30 days in connection with this agreement and the previously announced contracts, which are expected to cover a substantial portion of the associated GPU and infrastructure capex. Axe Compute intends to pair these prepayments with project-level financing to fund the remaining buildouts. Axe Build programs are expected to begin contributing monthly revenue as deployments come online, with monthly revenues starting this quarter and further cluster activations in the fourth quarter of 2026. Revenue from this agreement as well as previously announced contracts is anticipated to boost annual run rate to over $696 million upon deployment, nearly double the $385 million run rate the company reported earlier this month. "Our largest deployments come with significant up-front prepayments, which allow us to secure project-level financing that reduces our reliance on equity financing," said Christopher Miglino, Chief Executive Officer of Axe Compute. "This agreement adds another major contracted deployment to our Axe Build portfolio and brings our total signed contract value for 2026 to more than $3 billion, nearly double where we stood earlier this year. We are focused on continuing that pace through the end of 2026 and into 2027." This contract reflects a customer requirement for dedicated, single‑tenant infrastructure. The Build project is designed for production‑scale AI workloads that demand predictable performance, including real-time inference, continuous model fine-tuning, and high‑throughput data pipelines where latency and noisy‑neighbor variability are unacceptable. The cluster also includes ancillary services to support token production an...