Axe Compute acquires full ownership of Georgia AI cluster from Duos

Axe Compute Inc. (NASDAQ: AGPU) completed its acquisition of 100% of the special purpose vehicle owning its AI cluster in Columbus, Georgia from Duos Technologies Group, Inc. (NASDAQ: DUOT) on September 30, 2026, according to a press release.

At closing, Axe Compute paid off the SPV's asset-backed loan facility of approximately $87.8 million with no new equity issued. The remaining consideration includes a $42.9 million deferred purchase price payable to Duos in monthly installments of $715,000, with any unpaid balance due within twelve months of signing or upon Axe Compute securing financing backed by the Georgia cluster.

The company expects to generate approximately $364.6 million in revenue over the life of the customer agreement. The customer agreement has been extended from three to five years, running through 2031 with renewal options.

Under a separate agreement, Duos will cover colocation and energy costs for the full five-year term, fixing the Georgia cluster's power and facility costs for the duration of the contract. Duos continues to own and operate the Georgia facility.

The Georgia cluster consists of 288 servers containing 2,304 Nvidia B300 GPUs. Duos Technologies Group is headquartered in Jacksonville, Florida, and Axe Compute is based in Pittsburgh.

Axe Compute stated it intends to apply the same ownership structure to future deployments, combining a committed customer, infrastructure secured for the same term, and ownership of compute hardware.

Details of the acquisition were filed in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission.

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