PITTSBURGH, June 16, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (NASDAQ:AGPU) today announced $25.9 million in total contract value spanning two long-term agreements, as the company continues to scale up operations and business development efforts. The two enterprise deals underscore growing demand for flexible, high-performance compute infrastructure and validate Axe Compute's differentiated approach to market delivery. Of that total, $12.9 million has already been received in advance payments, reflecting client commitment and providing Axe Compute with immediate working capital to support deployment and operations.

The agreements leverage Axe Compute's relationships with existing data centers to deliver compute resources to clients without the long lead times associated with traditional hyperscalers or incumbent neoclouds. Customers gain operational capacity quickly, enabling them to accelerate AI workloads, high-performance computing initiatives, and data-intensive operations when their business demands dictate.

"These latest wins reflect the confidence our clients place in Axe Compute's ability to deliver at scale," said Christopher Miglino, CEO of Axe Compute. "The clients we are attracting are sophisticated operators building mission-critical AI platforms. The fact that they chose Axe Compute speaks to the business we have built and where this market is heading. We are just getting started, as we were designed ...