Axe Compute secures over $1.3B in Nvidia Blackwell AI cluster contracts, eyes $2B more

Axe Compute Inc. (NASDAQ: AGPU) just signed a stack of AI infrastructure deals that most companies would spread across a decade. On July 22, the company announced it had secured over $1.3 billion in multi-year contracts through its Axe Compute Build program, anchored by a single five-year agreement worth $1.5 billion. The company’s original goal was $1 billion in signed contracts for 2026. It overshot that target before the year was even halfway done. Management now expects an additional $2 billion in potential contracts before the year closes out. What Axe Compute is actually building The contracts center on deploying dedicated GPU clusters powered by Nvidia’s Blackwell architecture. We’re talking over 9,200 GPUs aimed squarely at AI training, inference, and related workloads. The company has partnered with Aethir to tap into a distributed GPU network that can spin up capacity in as little as 48 hours. This isn’t Axe Compute’s first rodeo with Blackwell hardware either. Back in April 2026, the company locked down a $260 million three-year enterprise deal that involved deploying 2,304 Nvidia B300 GPUs. The financial picture Expected annual recurring revenue from the newly announced...