Axe Compute (AGPU) Stock Surges 39% After $260M Nvidia B300 GPU Contract

TLDR

• Axe Compute (AGPU) secured a $260M, 36-month enterprise infrastructure contract — the largest in company history
• The deal covers 2,304 Nvidia B300 GPUs plus AI-focused high-speed storage in a U.S. Tier 3 data center
• AGPU stock surged 39% over the past week to $4.88, despite a market cap of just $27M
• Deployment is targeted to begin Q3 2026, structured on a take-or-pay payment basis
• The company generated only $130,000 in revenue over the last twelve months

Axe Compute (AGPU) landed a $260 million enterprise contract on April 22, its biggest deal ever. The stock jumped 39% over the past week to $4.88 on the news.

Axe Compute Inc., AGPU

The 36-month agreement covers a dedicated cluster of 2,304 Nvidia (NVDA) B300 GPUs along with AI-focused high-speed storage. The infrastructure will be deployed from a single U.S. Tier 3 data center.

The cluster is built to handle large-scale AI model training, fine-tuning, and high-throughput inference workloads. The setup includes 4.8 megawatts of dedicated power on an N+1 redundant basis.

Deployment is targeted to kick off in Q3 2026. Payment is structured with a deposit, prepayment, and monthly advance payments on a take-or-pay basis.

The contract also includes renewal options beyond the initial 36 months, giving the client flexibility to extend the arrangement.

A Company Punching Well Above Its Weight

The numbers here are hard to ignore. Axe Compute carried a market cap of just $27 million at the time of the announcement — making a $260 million contract a genuinely unusual size relative to the company behind it.

The company generated only $130,000 in revenue over the last twelve months. Analysts tracked by InvestingPro are projecting 122% revenue growth for the current year.

The infrastructure is intended for foundation model training, domain adaptation, high-throughput inference, and AI-intensive data processing workloads.

Axe Compute runs a neocloud AI infrastructure platform focused on GPU compute capacity. It also operates what it calls a Strategic Compute Reserve, which converts reserve holdings into deployable AI infrastructure.

Recent Leadership and Earnings Updates

In Q4 2025 earnings, Axe Compute reported a 47% year-over-year revenue increase, largely driven by its legacy drug discovery segment. Its newer compute services unit had not yet contributed to the financials at that point.

The company posted a net loss of $233.1 million for the fiscal year. Despite that, investor sentiment around the company’s pivot to AI infrastructure has been broadly positive.

Axe Compute also appointed Kyle Okamoto as president, effective April 1. Okamoto previously served as CTO and general manager at Aethir, where he oversaw a decentralized GPU network.

The contract terms remain subject to a definitive agreement being finalized. The deal is the largest enterprise engagement in Axe Compute’s history, according to the company.

AGPU was trading at $4.88 as of the latest available price, up 39% over the prior week.

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