NewsMV
(Nasdaq: DUOT) completed the sale of its GPU-as-a-Service entity to Axe Compute, Inc.
(Nasdaq: AGPU) on September 30, 2026, a move that eliminates approximately $98.1 million in prospective equipment financing and redirects capital toward new colocation sites.
The transaction, announced via an 8-K filing, involves Axe Compute acquiring all outstanding equity interests in Duos Edge AI, GPUaaS, LLC.
This special purpose subsidiary held the company's GPU compute cluster and associated equipment supply and financing positions.
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