Axe Compute Inc. (NASDAQ:AGPU) shares are up on Monday after news that the company secured a significant contract valued at over $1.5 billion for a dedicated AI infrastructure project.
• Axe Compute shares are powering higher. Why is AGPU stock up today?
Lands $1.5B AI Infrastructure Contract
As per the five-year contract, the company will deploy a dedicated U.S. cluster featuring over 9,200 NVIDIA Inc (NASDAQ:NVDA) Blackwell B300 GPUs through its Axe Build program.
This contract increases the company’s total signed contract value for 2026 to more than $3 billion, nearly doubling its previous run rate expectations.
Axe Compute expects to receive more than $534 million in customer prepayments over the next 30 days, helping fund a significant portion of GPU and infrastructure investments.
The remaining project costs will be financed through project-level funding.
The company expects revenue generation to begin this quarter as deployments go live, with additional clusters launching in the fourth quarter of 2026.
Once operational, the new and previously announced contracts are expected to increase the company’s annual revenue run rate to more than $696 million, compared with $385 million reported earlier this month.
Company Profile
Axe Compute functions as an active infrastructure operator, aiming to expand access to AI compute resources through its Aethir network. This network offers scalable, cost-efficient cloud GPU services for AI, machine learning, gaming and rendering applications.
The recent contract highlights the company’s strategic focus on providing dedicated AI infrastructure, which is increasingly in demand as enterprises seek reliable solutions for their AI workloads. With the total signed contract value now exceeding $3 billion for 2026, Axe Compute is positioning itself as a key player in the AI infrastructure space.
AGPU Stock Moves
AGPU Stock Price Activity: Axe Compute shares were up 8.03% at $7.40 on Monday, according to Benzinga Pro data.
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