On September 30, 2026, Duos Technologies Group, Inc. (Nasdaq: DUOT) completed the sale of its GPU-as-a-Service entity, Duos Edge AI – GPUaaS, LLC, to Axe Compute, Inc. (Nasdaq: AGPU). The transaction involved the sale of 100% of the issued and outstanding membership interests in Duos Edge AI – GPUaaS, LLC, a wholly-owned special purpose subsidiary.
The assets sold included a cluster of 288 Supermicro B300 servers, which contained a total of 2,304 GPUs, along with associated networking equipment. In exchange for these assets, Axe Compute repaid approximately $87.8 million in pre-existing debt owed by the subsidiary and agreed to pay Duos a deferred purchase price of $715,000 per month for a period of 60 months. This payment schedule is contingent upon the earlier of 12 months following the closing of the transaction or the date Axe Compute or its affiliates secures financing secured by the cluster.
Following the closing, Duos will lease the GPU compute capacity from Axe Compute rather than owning the equipment. The company stated that this transaction removes approximately $98.1 million of prospective equipment financing and frees capital for the development of new modular architecture sites. Duos will continue to operate the colocation facility at Columbus, Georgia, serving the existing customer under a revised five-year agreement. The company also noted that it has a 10 MW hyperscaler colocation agreement signed in July 2026 with a total contract value over $111 million, as well as a five-year hosting service order with Axe Compute across an aggregate 55 MW of U.S. sites with a total contract value over $500 million.
