Axe Compute and Duos Technologies agree on 55 MW AI data center deal

Axe Compute Inc. (Nasdaq: AGPU) and Duos Technologies Group Inc. (Nasdaq: DUOT) announced agreements for up to 55 MW of AI data center capacity across multiple U.S. locations, according to a press release issued Aug. 17, 2026.

The agreements represent more than $500 million in expected aggregate payments for dedicated AI data center capacity. Initial project readiness is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning, and performance testing.

The expansion builds on an existing 10 MW deployment at a Duos facility in Georgia, where Duos is currently delivering capacity for Axe Compute.

Separately, the two companies have executed nonbinding term sheets for minority equity investments by Axe Compute in the entities associated with the projects. Axe Compute is expected to hold 49% of the equity interests in those entities. The investments remain subject to definitive documentation, satisfaction of closing conditions, and approval processes at both companies.

Christopher Miglino, Chief Executive Officer of Axe Compute, said: "When you find a partner that does a great job and you can trust, you want to do more business with them. That is what we have found in Duos."

Duos CEO Doug Recker said: "Our work in Georgia established a strong foundation, and this expansion demonstrates the scale of the opportunity and the accelerating demand for AI infrastructure."

Axe Compute is headquartered in Pittsburgh, Pennsylvania, and Duos Technologies Group is based in Jacksonville, Florida.

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