Duos completes sale of GPU-as-a-Service unit to Axe Compute
Duos Technologies completed the sale of its GPU-as-a-Service subsidiary to Axe Compute and will shift to leasing GPU capacity rather than owning the equipment. Duos will retain and operate the Columbus, Georgia colocation facility and continue serving its existing customer under a revised five-year agreement. The company said its 2026 outlook remains full-year revenue above $50 million and positive adjusted EBITDA.
Why it matters
The transaction shifts Duos away from GPU ownership and toward colocation infrastructure, while Axe Compute takes ownership of the GPU capacity. Duos says the revised customer agreement is expected to increase the revenue it records over the contract term and that the transaction frees capital for additional colocation development.
Key facts
- 1Axe Compute acquired 100% of the equity interests in Duos Edge AI – GPUaaS, LLC. globenewswire.com
- 2Duos will continue operating the Columbus, Georgia colocation site under a revised five-year customer agreement. globenewswire.com
- 3Duos will lease GPU capacity from Axe Compute instead of owning and financing the hardware. globenewswire.com
- 4Duos said its 2026 outlook remains full-year revenue above $50 million and positive adjusted EBITDA. globenewswire.com
- 5Duos filed an SEC Form 8-K reporting both a material definitive agreement and completion of an asset disposition. sec.gov
Open questions
- Reported transaction economics conflict: materials 1 and 3 describe consideration of $42.9M and approximately $98.1 million of prospective equipment financing, while material 5 describes $87.8M of debt repayment and $715K/month for 60 months.
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.