Axe Compute Inc. (AGPU) reported second-quarter 2026 revenue of $3.2 million, compared with $35 thousand in the first quarter and $3 thousand a year earlier. The company recorded a net loss of $17.2 million, or $0.87 per basic and diluted share.
The company said it signed more than $2.8 billion in new contracts during July, bringing 2026 signed contracted value to more than $3 billion. Cash and cash equivalents were $21.9 million at June 30, 2026.
- Q2 revenue was $3,214,992, primarily from Compute Services under the Axe Compute Access model.
- Net loss was $17,205,882, including $13.1 million in losses on digital assets.
- Customer prepayments and contract liabilities totaled $60.8 million at June 30.
- A $260 million GPU cluster remains targeted for a third-quarter 2026 go-live and is expected to represent about $21 million in quarterly recognizable revenue once deployed.
- Management said annualized run rate is expected to exceed $696 million upon full deployment of signed contracts.
