Duos Technologies (DUOT) lands $176M GPUaaS deal with $40M annual EBITDA
Rhea-AI Filing Summary
Duos Technologies Group, through its subsidiary Duos Edge AI, has executed a definitive GPU-as-a-Service contract with Hydra Host to deploy a high-density NVIDIA GPU cluster for a leading global technology company. The contract is expected to generate approximately $176 million in revenue over a 36-month term, including an initial $18 million customer pre-payment. Duos projects gross margins exceeding 80% and expected annual EBITDA of about $40 million. The project includes an initial 4.3+ MW Edge Data Center deployment and is fully funded by a recent $65 million public offering and hardware financing, allowing immediate deployment without additional equity financing.
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Insights
Large, high-margin GPU contract could materially reshape Duos’ financial profile.
Duos Technologies Group secured a GPU-as-a-Service contract expected to deliver about
The agreement is paired with an initial 4.3+ MW Edge Data Center deployment and positions Duos Edge AI as an emerging provider of distributed AI infrastructure. Funding is described as fully covered by a recent
If executed as outlined, this contract would introduce sizable, contracted revenue and EBITDA relative to prior scale, and validate Duos’ high-power Edge Data Center model. Future disclosures in company filings may provide additional detail on deployment progress and cash flow timing over the 36‑month term.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on February 16, 2026 Duos Technologies Group, Inc. (the “Company”) entered into a letter of intent with Hydra Host, Inc. (“Hydra”) in connection with a GPU-as-a-Service contract in which Duos Edge AI, Inc., a subsidiary of the Company (“Duos Edge”), would be the data center and asset owner for a 2304 GPU B800 cluster rental contract, and Hydra would be the operator. On March 13, 2026, Duos Edge and Hydra executed a definitive contract to deploy a high-density NVIDIA GPU cluster for a leading global technology company. The contract is expected to generate approximately $176 million in revenue over a 36-month term, an initial $18 million customer pre-payment, projected gross margins exceeding 80% and expected annual EBITDA of approximately $40 million. The Company and Duos Edge have entered into a commercial partnership with Hydra to deliver GPU hosting and GPU-as-a-Service solutions at scale. The partnership is fully funded through the Company's recently completed $65 million public offering and hardware financing arrangements already in place, ensuring deployment can commence immediately without reliance on additional equity financing.
The Company issued a press release on March 13, 2026 relating to the signing of the definitive contract. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K includes information that may constitute forward-looking statements. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements relating to projected industry growth rates, the Company’s current growth rates and the Company’s present and future cash flow position. A variety of factors could cause actual events and results, as well as the Company’s expectations, to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release dated March 13, 2026 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| DUOS TECHNOLOGIES GROUP, INC. | ||
| Dated: March 17, 2026 | By: | /s/ Leah F. Brown |
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Leah F. Brown Chief Financial Officer | ||
EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
Duos Technologies Group Executes Definitive Agreement with Hydra Host
Contract expected to deliver $50M+ in Annual Revenue and $40M+ in Annual EBITDA
Contract includes additional 4.3MW deployment under new high power EDC model
JACKSONVILLE, FL / Globe Newswire / March 13, 2026 - Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc., a provider of advanced digital infrastructure solutions, today announced it has executed a definitive contract with Hydra Host, pursuant to the previously announced letter of intent, to deploy a high-density NVIDIA GPU cluster for a leading global technology company. The project establishes Duos Edge AI as an emerging provider of distributed AI infrastructure supporting large-scale compute workloads. The GPU-as-a-Service (“GPUaaS”) contract is expected to generate approximately $176M in revenue over a 36-month term, an initial $18M customer pre-payment, projected gross margins exceeding 80% and expected annual EBITDA of approximately $40 million.
Duos and its operating subsidiary Duos Edge AI, Inc. have entered into a commercial partnership with Hydra Host to deliver GPU hosting and GPU-as-a-Service solutions at scale. The partnership is fully funded through the Company's recently completed $65 million public offering and hardware financing arrangements already in place, ensuring deployment can commence immediately without reliance on additional equity financing.
“The initial deployment will be located at a strategic site and will consist of multiple high-density modular Edge Data Centers (“EDCs”) which are specifically designed to support large-scale AI workloads,” said Doug Recker, newly appointed CEO effective April 1st, 2026. “Manufacturing of the EDCs is currently underway, with critical power modules already ordered to support deployment timelines.”
The first phase also includes an initial 4.3+ MW colocation commitment from a leading global technology company, which will serve as the project’s anchor tenant. This deployment represents the largest Edge Data Center project in Company history, with additional colocation revenue expected alongside the GPUaaS contract as the site scales toward its full power capacity.
Key Highlights:
| • | $176 million GPUaaS contract, gross margins expected to exceed 80%, projected annual revenue of $50M+ and annual EBITDA of $40M+ |
| • | Contract also includes an $18M customer prepayment at inception |
| • | Contract includes an additional 4.3MW High-Power EDC deployment, offering meaningfully improved economics over the Company's legacy model |
| • | Additional high-density power sites under active evaluation, providing significant runway to scale colocation opportunity |
This contract represents a powerful commercial validation of Duos' High-Power EDC business line, purpose-built to serve AI companies and high-performance compute tenants requiring premium rack space, dedicated high-density power, and industry-leading rapid deployment. The model is already attracting significant inbound interest from AI Hyperscalers, NeoCloud operators and other potential AI Infrastructure customers, seeking 5 to 20MW deployments, underscoring the scalability and market demand for Duos' distributed infrastructure platform. As the Company advances its long-term objective of 75MW of distributed capacity, Duos is actively evaluating additional high-density deployment sites to meet accelerating demand.
To learn more about Duos Technologies, visit: www.duostechnologies.com
To learn more about Duos Edge AI, visit: www.duosedge.ai
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers, and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.
About Duos Edge AI, Inc.
Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI's mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
Contacts
Corporate
Fei Kwong
VP, Investor Relations and Corporate Communications
Duos Technologies Group, Inc. (Nasdaq: DUOT)
+1.904.652.1625 | DUOT@duostech.com
Duos Edge AI
Media Contact
iMiller Public Relations
+1.914.315.6424 | duosedge@imillerpr.com
FAQ
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Filing Exhibits & Attachments
4 documentsPress Releases
