Duos Technologies Group completes sale of rail unit to Sandbank Acosta

Duos Technologies sold its GPU cluster SPV to Axe Compute for $87.8M in debt repayment and $715K/month for 60 months. The deal, set to close in 2026, aims to strengthen Duos' balance sheet and focus strategy. According to the company, payments may accelerate under certain conditions.

DUOS TECHNOLOGIES GROUP, INC. (DUOT) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Duos Technologies Sells Its GPU-as-a-Service Entity to Axe Compute, Accelerating Its Shift to a Pure-Play AI Colocation Platform Sale removes approximately $98.1 million of prospective equipment financing and frees capital for new AI colocation sites Columbus custome

Duos Technologies (DUOT) sold its GPU-as-a-Service business to Axe Compute, eliminating $98.1M in equipment debt and receiving $42.9M over 5 years. The company will continue operations in Columbus under a revised agreement, focusing on AI colocation services.

Axe Compute (AGPU) acquired full ownership of a Georgia AI cluster from Duos (DUOT), paying off $87.8M in debt and deferring $42.9M. The deal extends the customer agreement to five years, with expected $364.6M revenue and improved margins. Duos covers facility costs for the term.

Duos Technologies (DUOT) sold its GPU-as-a-Service entity to Axe Compute (AGPU) for $42.9M, removing $98.1M in equipment debt. The deal allows Duos to focus on AI colocation, with a revised 5-year customer agreement. Duos expects 2026 revenue above $50M and positive adjusted EBITDA.

Duos Technologies Group (DUOT) appointed Dipan Patel as Chief Operating Officer to support its growth in modular edge data centers, colocation services, and infrastructure solutions. Patel brings experience from Telstra InfraCo and SBA Communications. The company aims to scale its Edge AI-powered digital infrastructure ecosystem, creating long-term shareholder value.