Axe Compute secures AI infrastructure customer contracts worth over $1.3 billion, with expected ARR exceeding $384 million after deployment.

According to an official announcement, Nasdaq-listed AI infrastructure company Axe Compute (NASDAQ: AGPU) announced that it has secured over $1.3 billion in new customer contracts through its Axe Compute Build program, covering the US and European markets, exceeding its previous target of $1 billion in contract value by 2026. These contracts are reportedly based on a five-year commitment model with renewal options, and involve substantial upfront payments from customers. Axe Compute will provide customers with integrated AI infrastructure services, including GPU selection, infrastructure design, deployment, ownership, and operation, supporting AI training, inference, and data-intensive applications. Axe Compute stated that the project is expected to begin generating revenue by the end of the fourth quarter of 2026, and after receiving upfront payments in the third quarter of 2026, annual recurring revenue (ARR) upon completion of deployment is projected to exceed $384 million. CEO Christopher Miglino stated that with the growing demand for dedicated AI infrastructure from enterprises, the company expects to have the opportunity to secure approximately $2 billion in new contracts this year.