Duos Technologies Sells Its GPU-as-a-Service Entity to Axe Compute, Accelerating Its Shift to a Pure-Play AI Colocation Platform
Duos Technologies has sold its GPU-as-a-Service entity to Axe Compute, accelerating its transition to a pure-play AI colocation platform. The sale removes approximately $98.1 million of prospective equipment financing and frees up capital for new AI colocation sites.
Why it matters — DUOT watchers would care because this divestiture streamlines the company's focus on AI colocation and reduces its prospective financing obligations while freeing capital for expansion.