Duos Technologies Sells Its GPU-as-a-Service Entity to Axe Compute, Accelerating Its Shift to a Pure-Play AI Colocation Platform
Globe Newswire•05/10/2026•08:30 ET
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Key Highlights
- ➤Axe Compute (AGPU) acquired Duos’s GPUaaS entity, including GPU clusters and equipment obligations
- ➤$98.1 million GPU equipment financing facility and associated debt service removed from Duos
- ➤Duos receives $42.9 million consideration through monthly payments over 60 months
- ➤Existing Columbus customer continues uninterrupted under revised five-year agreement
- ➤Duos 2026 outlook unchanged: revenue above $50 million and positive adjusted EBITDA
Expert Statements
Doug Recker, CEO of Duos Technologies Group
“Columbus proves that our rapid deployment, modular architecture model can serve the most demanding AI workloads anywhere”
Doug Recker, CEO of Duos Technologies Group
“That proof brought us an anchor, hyperscale customer and additional investment from a trusted partner in Axe Compute”
Doug Recker, CEO of Duos Technologies Group
“Just as importantly, it demonstrated that assets developed through our model can attract institutional capital once they are operating and performing, creating opportunities to reinvest capital into the next generation of deployments.”
Doug Recker, CEO of Duos Technologies Group
“The job now is to advance the platform.”
Doug Recker, CEO of Duos Technologies Group
“We continue serving our existing Columbus customer under a revised five-year agreement with improved terms.”
Doug Recker, CEO of Duos Technologies Group
“Our capital belongs in colocation capacity, new sites, new campuses, and new customers.”
Chris DeAlmeida, CFO of Duos Technologies Group
“Selling the GPU fleet sharpens Duos into a pure-play edge data center operator”
Chris DeAlmeida, CFO of Duos Technologies Group
“We keep the customer and the economics, we shed roughly $98.1 million of prospective equipment debt, and we free the balance sheet to fund sites instead of servers.”
Chris DeAlmeida, CFO of Duos Technologies Group
“Our outlook for 2026 is unchanged: full year revenue above $50 million and positive adjusted EBITDA.”
Sale removes approximately $98.1 million of prospective equipment financing and frees capital for new AI colocation sites
Columbus customer continues without interruption under a new five-year agreement
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