Neocloud Axe Compute has signed an agreement with data center firm Duos Technologies for multi-location capacity across the US.

The sites will add up to around 55MW of capacity and represent more than $500 million in aggregated payments for Duos.

Duos is known for its modular and scalable Edge data center offering, with deployments across Texas and Georgia.

The deal builds on an existing partnership between the two companies in which Duos is delivering a 10MW deployment at its data center in Georgia for Axe Compute.

The project is expected to begin in late 2026 and continue through early 2027.

Duos Edge AI previously announced that it had signed a five-year agreement with an unknown “investment-grade hyperscaler” to provide 10MW of capacity from its data center campus in Columbus, Georgia. A further 2MW has been contracted by Nistar.

Under the terms of the agreement, Axe will hold a 49 percent equity investment in the data centers, meaning that rather than just renting space in someone else's facility, the company will hold a stake in both the buildings and power.

Axe notes that it is securing capacity ahead of customer requests so that deployments are not subject to delays.

"When you find a partner that does a great job, and you can trust, you want to do more business with them. That is what we have found in Duos," said Christopher Miglino, CEO of Axe Compute. "We see compute demand accelerating, and we are excited to deliver more Axe Compute Build contracts to our customers alongside a key partner."

"Signing these agreements marks an important step in expanding our relationship with Axe Compute and the Duos platform," added Duos CEO Doug Recker. "Our work in Georgia established a strong foundation, and this expansion demonstrates the scale of the opportunity and the accelerating demand for AI infrastructure. We believe Duos and Axe Compute can create a repeatable model for bringing purpose-built AI capacity to market."

Axe Compute is a newcomer on the neocloud scene.

Headquartered in Pittsburgh, Pennsylvania, the company has had various identities over the years. Its earliest SEC filings state the company was previously known as Skyline Medical, offering a system for the collection and disposal of infectious fluids from surgical procedures, rebranding twice more before a final rebranding into Axe Compute in late 2025.

When the company first pivoted to neocloud services, it adopted a Web3 GPU provider, but has since begun sourcing its own capacity to offer more traditional neocloud services.

Axe Compute recently published its Q2 2026 earnings results, its first full quarter in which it has generated revenue from compute services.

The company saw revenue of $3.2 million, compared to $35,000 the quarter prior. Q2 had a net loss of $17.2m driven by "a non-cash $13.1m loss on digital assets, primarily reflecting changes in digital asset holdings and related receivables."

In July alone, Axe Compute notes that it signed $2.8bn of contracts, and once deployed, it is targeting an annualized revenue run rate of $696m.