Mergers & Acquisitions ·
Axe Compute acquires Georgia AI cluster, retiring $87.8M debt and extending customer agreement to five years
AGPUAxe Compute Inc.
Axe Compute Inc. completed the acquisition of Duos Edge AI – GPUaaS, LLC, gaining full ownership of its Georgia-based AI cluster comprising 288 Supermicro B300 servers with 2,304 GPUs. At closing, Axe Compute repaid approximately $87.8 million in pre-existing asset-backed debt without issuing new equity. The remaining consideration is a deferred purchase price of $42.9 million, payable via monthly installments of $715,000 over 60 months, with acceleration clauses tied to future financing or repayment within 12 months. Concurrently, the company extended its customer agreement for the cluster from three years to five years through 2031 and secured fixed colocation and energy costs covered by Duos Technologies Group for the contract's duration. Axe Compute Inc. is a neocloud AI infrastructure platform that designs, deploys, owns, and operates large-scale dedicated AI infrastructure.