Duos Technologies signs $500M hosting deal with Axe Compute for 55 MW of AI data center capacity

Duos Technologies Group (Nasdaq: DUOT) has locked in a $500 million AI hosting agreement with Axe Compute Inc. (Nasdaq: AGPU) covering 55 megawatts of data center capacity. The deal adds to a growing pile of contracts that both companies have been stacking in 2026, as enterprise demand for GPU compute and colocation services continues to outpace available supply. It also represents the single largest contract Duos has publicly disclosed since pivoting its entire business model toward modular edge data centers. From railyards to server racks Duos Technologies divested its rail subsidiary on June 30, 2026, completing a strategic overhaul that effectively turned the Jacksonville, Florida-based company into a pure-play AI infrastructure provider. The company now focuses on adaptive, scalable colocation facilities designed specifically for high-power AI and enterprise computing workloads. That pivot has been producing results at an accelerating pace. In July 2026, Duos signed a separate five-year colocation agreement worth more than $111 million for 10 MW of capacity. The company also previously disclosed a letter of intent valued between $176 million and $200 million. Add the new $500 ...