Earnings ·
Axe Compute Inc. reported financial results for the quarter ended June 30, 2026, generating $3.2 million in revenue…
POAIAxe Compute Inc.
Axe Compute Inc. reported financial results for the quarter ended June 30, 2026, generating $3.2 million in revenue from its Axe Compute Access service model and reporting a net loss of $17.2 million, or $0.87 per share. The loss was primarily driven by an $11.8 million non-cash unrealized loss on digital assets held in Aethir (ATH). Adjusted EBITDA was approximately ($4.9) million. Cash and cash equivalents increased to $21.9 million at quarter-end, supported by customer prepayments of $60.8 million and positive operating cash flow of $17.4 million for the first half of 2026. Subsequent to the quarter, the company signed more than $2.8 billion in new contracts under its Axe Compute Build model, bringing total 2026 contracted value above $3 billion with an expected annualized run rate exceeding $696 million upon full deployment. The company operates as a neocloud AI infrastructure platform delivering dedicated enterprise GPU compute capacity.