Duos Technologies Completes Sale of GPU-as-a-Service Entity to Axe Compute for $42.9 Million

MT newswire2026/10/05 14:12

10:12 AM EDT, 10/05/2026 (MT Newswires) -- Duos Technologies (DUOT) said Monday it has completed the sale of its GPU-as-a-Service entity Duos Edge AI - GPUaaS to Axe Compute (AGPU) for $42.9 million. The amount will be paid via evenly scheduled monthly payments in the next 60 months, the company said. Duos said it will continue to deliver services to an existing client at Columbus facility under a revised five-year deal, and will lease capacity from Axe Compute. "Selling the GPU fleet sharpens Duos into a pure-play edge data center operator," said Duos CFO Chris DeAlmeida. "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." DeAlmeida said Duos still expects full-year revenue of more than $50 million and positive adjusted EBITDA. Price: 9.06, Change: -0.05, Percent Change: -0.60

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