Duos Technologies signs 10‑year, 20 MW colocation agreement worth over $400 million
Duos Technologies Group announced a 10‑year colocation contract for 20 MW of capacity with a publicly traded U.S. cloud services provider, valued at more than $400 million. The deployment is slated for the second quarter of 2027. The company already has about 25 MW of powered, data‑center‑zoned land under contract and is negotiating an additional 75 MW, targeting roughly 100 MW total by year‑end. CEO Doug Recker said the deal advances the firm’s long‑term growth strategy.
Why it matters
The agreement adds a multi‑year revenue stream and expands Duos’ footprint in AI‑focused colocation, which the company cites as a key growth driver. The news lifted DUOT shares about 3% on the announcement.
Key facts
- 1The contract is for 20 MW of facility load over a 10‑year term. tradingview.com
- 2The deal is valued at over $400 million in total. tradingview.com
- 3Deployment is expected in Q2 2027. tradingview.com
- 4Duos currently has approximately 25 MW of powered, data‑center‑zoned land under contract. tradingview.com
- 5The company is negotiating for an additional 75 MW, aiming for about 100 MW total. tradingview.com
- 6Duos expects to finalize all site agreements by year‑end. tradingview.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.