Every 8-K that Axe Compute Inc. (AGPU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AGPU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGPU filings page.
Axe Compute Inc. (symbol: AGPU) is the issuer of record for a Form 8-K filing submitted to the SEC.
Axe Compute Inc. announced that it has entered into agreements with Duos Technologies Group, Inc. for 55 MW of new AI data center capacity across multiple U.S. locations. The agreements represent over $500 million in expected aggregate payments for dedicated capacity.
The expansion builds on the companies’ existing 10 MW deployment in Georgia, which Duos is in the process of delivering for Axe Compute. Initial project readiness for the new capacity is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning, performance testing, and other conditions.
Axe Compute and Duos have also executed nonbinding term sheets for minority equity investments by Axe Compute in project entities, with Axe Compute expected to hold 49% of the equity interests. These investments remain subject to definitive documentation, closing conditions, and approval processes of both companies, and the disclosure includes extensive forward-looking statement cautions.
Axe Compute Inc. reported second-quarter 2026 revenue of $3.2 million, up sharply from $35 thousand in Q1 2026 and $3 thousand a year earlier, reflecting the first full quarter of compute-services revenue under the Axe Compute Access model. The company signed more than $2.8 billion of new Axe Compute Build contracts in July, bringing 2026 total contract value to more than $3 billion and an expected annualized run rate of more than $696 million upon full deployment.
The quarter showed a net loss of $17.2 million, or $0.87 per share, driven largely by a $13.1 million non-cash loss on digital assets. Adjusted EBITDA was approximately ($4.9 million), including about ($0.9 million) from the legacy Drug Discovery Services segment. Contract liabilities, largely customer prepayments that are generally non-cancellable and non-refundable, rose to $60.8 million, supporting infrastructure build-out. Cash and cash equivalents increased to $21.9 million, and net cash provided by continuing operating activities was $17.4 million for the first half of 2026.
Axe Compute Inc. announced a new five‑year customer contract with total committed value of over $1.5 billion to deploy a dedicated NVIDIA Blackwell‑based AI infrastructure cluster in the United States.
With previously announced Build agreements, 2026 signed contracted value now exceeds $3 billion. The new contract supplies more than 9,200 NVIDIA Blackwell B300 GPUs and is expected to increase annual run rate to roughly $696 million, compared with a $385 million run rate reported earlier in July 2026.
Axe Compute anticipates receiving over $534 million in aggregate customer prepayments within 30 days, which it plans to combine with project‑level financing to fund GPU and infrastructure capital expenditures. Management expects Build deployments to begin generating monthly revenue this quarter, with additional cluster activations in the fourth quarter of 2026.
Axe Compute Inc. secured more than $1.3 billion in new customer contracts across the United States and Europe through its Axe Compute Build program, surpassing its 2026 goal of $1 billion in signed contracts. The agreements extend its design-deploy-own-operate model into additional geographies and add large-scale, dedicated AI infrastructure capacity tailored to customer workloads and governance needs.
The contracts are structured as five-year commitments with extension options and significant upfront prepayments, with prepayments expected in Q3 2026 and revenue expected to begin in late Q4 2026. Upon deployment, the company states these deals are expected to boost ARR to over $384 million. Management also indicates it believes it could close up to an additional $2 billion in contracts this year that could contribute to ARR, while highlighting execution, supply chain, customer and funding risks in extensive forward-looking statements.
Axe Compute Inc. is updating its risk disclosures to reflect a strategic shift from an asset-light model to purchasing, owning, and operating GPU computing infrastructure in dedicated data centers. This model is capital-intensive and will require substantial and growing funding from customer deposits, operations, and equity or debt financing.
The company highlights risks around rapid GPU obsolescence, potential impairment charges, concentration of revenue in a few large contracts, and dependence on reliable data center power and cooling, including 4.8 megawatts of committed power for its largest deployment. It also notes reliance on NVIDIA and complex global supply chains, exposure to export controls and geopolitical tensions, and execution risk for a targeted third-quarter 2026 deployment tied to a large, approximately $260 million enterprise engagement.
Additional risks include possible underutilization of purpose-built capacity, plans to incur secured or asset-backed indebtedness, limited operating history with owned GPU infrastructure, sensitivity to volatile energy costs and new environmental rules, cybersecurity and operational failures, and heightened liquidity dependence, including on ATH digital asset holdings.
Axe Compute Inc. reported Q1 2026 results while highlighting a major new customer win and leadership changes. The company has signed a $260 million, 36‑month take‑or‑pay enterprise contract for a 2,304‑GPU cluster expected to begin generating about $21 million per quarter in revenue once deployed in Q3 2026.
For Q1 2026, revenue was $35 thousand, mostly from legacy Drug Discovery Services, with $7 thousand from initial Compute Services contracts. The company posted a net loss of $7.7 million, including $4.3 million in non‑cash losses on ATH digital assets. Cash used in operations was $3.7 million.
Axe Compute ended March 31, 2026 with $6.9 million in cash, $20.2 million in ATH digital assets, and $9.4 million in current digital asset receivables, for short‑term liquidity of about $36.5 million. Management believes this liquidity can fund operations through fiscal 2026 and beyond, while it executes on the large contract, expands its sales team, and evaluates strategic options for the legacy Drug Discovery Services business.
Axe Compute Inc. filed an 8-K describing a new prospectus supplement tied to its existing Form S-3 shelf and at-the-market stock offering program with H.C. Wainwright & Co. as sales agent. Following this supplement, the aggregate amount of shares that are available for sale under the ATM program is $100,000,000.
The company notes it is no longer subject to the offering limitations of General Instruction I.B.6 of Form S-3 and that, during the 12 calendar months up to and including the prospectus supplement date, it sold securities with an aggregate market value of approximately $12.7 million under this framework. A legal opinion from Lucosky Brookman LLP covering the ATM shares is filed as Exhibit 5.1.
Axe Compute Inc. filed a current report describing plans for its upcoming first-quarter 2026 financial results release. The company will issue its Q1 2026 financial results for the quarter ended March 31, 2026 before market open on May 18, 2026, and will host a conference call and webcast at 8:30 a.m. Eastern Time the same day to review the results. Dial-in, meeting ID, passcode, and webcast registration details are provided, and a replay will be available on the investor relations website. No financial results are included in this report; it mainly alerts investors to how and when they can access the forthcoming earnings information.
Axe Compute Inc. entered into a 36‑month enterprise infrastructure contract with an aggregate value of approximately $260 million, described as the largest enterprise engagement in its history. The deal covers a dedicated cluster of 2,304 NVIDIA B300 GPUs plus AI‑focused high‑speed storage in a single U.S. Tier 3 data center.
The infrastructure is purpose-built for large-scale AI model training, fine-tuning, inference, and data processing, backed by 4.8 megawatts of N+1 redundant power and enterprise-grade service levels. Deployment is targeted to commence in Q3 2026, with payments structured via deposit, prepayment, and monthly take‑or‑pay charges, and options to renew beyond the initial term.
Axe Compute Inc. reported a planned finance leadership transition and new compensation package for its incoming chief financial officer. On April 10, 2026, Josh Blacher notified the company he will resign as CFO effective May 18, 2026, stating his departure is not due to any disagreement over operations, policies, or practices.
The board appointed Jeremy Yaukey-Witter as co-CFO alongside Blacher from April 16, 2026 through May 18, 2026 and sole CFO after that date. Yaukey-Witter, previously the company’s Controller and a former KPMG auditor, will receive a $280,000 annual base salary, eligibility for a cash bonus targeted at 0–40% of salary, and participation in long-term incentive and benefit plans.
As a material inducement to accept the role, Axe Compute granted Yaukey-Witter options to purchase 225,000 shares of common stock at an exercise price of $3.51 per share under a Stock Option Inducement Award Agreement pursuant to Nasdaq Listing Rule 5635(c)(4). The options vest over three years and expire shortly before the ten-year anniversary of the April 16, 2026 grant date.
Axe Compute Inc. appointed Kyle Okamoto as President effective April 1, 2026, under an employment agreement providing a $360,000 base salary, a target annual bonus of $500,000, and stock options for 300,000 shares at a $1.62 exercise price, vesting over four years. The company also reported signing about $12 million in executed agreements over the last 30 days, expected to generate an estimated $835,000 in monthly income upon deployment entering Q2 2026, or roughly $7.5 million of estimated income from signed contracts in 2026 across more than 20 enterprise customers and 30 active deployments.
Axe Compute Inc. reported full-year 2025 results that reflect a major strategic pivot to AI GPU infrastructure and a digital asset treasury model, alongside a very large accounting loss. Revenue was modest at $125,284, all from the legacy Drug Discovery Services segment, with no compute revenue yet recognized.
The company recorded a loss from continuing operations of $232.9 million, driven mainly by $152.5 million in unrealized losses on ATH digital assets and a $52.7 million loss on derivative instruments, plus higher operating expenses as it repositioned the business. Despite this, Axe raised $343.5 million through October 2025 PIPE transactions and held $10.8 million in cash and $24.4 million of unlocked ATH tokens as of December 31, 2025.
These transactions transformed the balance sheet from a stockholders’ deficit to $47.7 million in equity and funded a Strategic Compute Reserve tied to the Aethir ATH token. The company established marketplace access to over 435,000 GPUs globally and plans to prioritize generating initial compute revenue, staking ATH for yield, and completing a review of strategic alternatives for its Helomics legacy business in 2026.
Axe Compute Inc. appointed Dr. Theodore Zhu and Mr. Thorston Dirks to its board of directors. Dr. Zhu is Founder and Chairman of Iotelligent Technology, with prior leadership roles at Celestial Semiconductor, Jazz Semiconductor, BitShield, Conexant, Honeywell, Motorola, and Brown University.
Mr. Dirks brings nineteen years of board-level experience and about fifteen years as Chief Executive Officer in telecommunications and aviation, including leading E-Plus Group, Telefónica Deutschland, and Deutsche Glasfaser, and serving on the executive boards of Deutsche Lufthansa AG, KPN N.V., and Telefónica S.A. Their director compensation will align with the company’s existing director compensation program.
Axe Compute Inc. is undergoing a major leadership transition. The board terminated Chief Executive Officer Raymond F. Vennare without cause, effective February 9, 2026, and he resigned as chairman and director. He will receive $575,000 in severance, a $287,500 2025 bonus, and a healthcare-related lump-sum payment under a separation agreement.
The company appointed director Chuck Nuzum as chairman and named Christopher Miglino as the new CEO and a director, effective the same date. Miglino brings more than 25 years of experience leading public and private technology and fintech businesses and has been involved in structuring Axe Compute’s digital asset treasury and AI compute strategy. His employment agreement provides a $575,000 annual base salary, bonus eligibility, and an inducement stock option grant for 500,000 shares that vest over three years. A related press release highlights the company’s focus on decentralized GPU compute, AI infrastructure, and a treasury-backed compute strategy.
Axe Compute Inc. reported several leadership changes. On January 15, 2026, directors Shawn Matthews and Veena Rao resigned from the board, with Ms. Rao’s resignation effective January 30, 2026. The company states that neither director resigned because of any disagreement over operations, policies, or practices.
On January 19, 2026, Thomas McLaughlin resigned as Chief Investment Officer, and the company likewise notes no disagreement related to its operations, policies, or practices. The filing does not describe replacements or broader strategic changes linked to these departures.
Axe Compute Inc., formerly Predictive Oncology Inc., amended the employment agreement of its CEO, Raymond F. Vennare. Effective retroactively to November 1, 2025, his annual base salary increases from $525,000 to $575,000. He is eligible for an annual target bonus on March 31, 2026, or an earlier date set by the compensation committee, in an amount equal to 50% of his then current base salary. If his employment is terminated without Cause or by him for Good Reason on or before March 31, 2026, his 2025 bonus will be 50% of his annual bonus as of the time of termination and must be paid in full no later than March 15, 2026.
Subject to the company’s 2024 Equity Incentive Plan and compensation committee approval, Mr. Vennare will be eligible to receive 20,000 restricted stock units that vest in full on January 1, 2026, if he remains continuously employed through that date. The company also disclosed that it changed its name to Axe Compute Inc. and that its common stock began trading on Nasdaq under the ticker symbol AGPU on December 12, 2025.