Axe Compute Inc. (NASDAQ:AGPU), the neocloud for enterprises building with AI, today announced receipt of its first payment of $43 million on the company's previously announced $260 million contract to deliver a dedicated cluster of 2,304 NVIDIA B300 GPUs and AI-focused high-speed storage for massive data processing and training, deployed in a U.S.-based Tier 3 data center.

The large upfront installment, received ahead of monthly billing commencing at cluster go-live, is the first contracted cash milestone under the agreement and confirms the build process is underway and on track for Q3 2026 deployment.

The contract is the first in Axe Compute's cluster build program. Under the program, Axe Compute architects the system, secures the data center space and power, participates in the financing of the hardware against the NVIDIA reference architecture, and operates the cluster against enterprise-grade SLAs - with Axe Compute's financed hardware carried on the balance sheet.

For this contracted deployment: 2,304 NVIDIA B300 GPUs, 4.8 MW of dedicated power, U.S. Tier 3 facility with N+1 redundancy and no noisy neighbors, on a 36-month committed term. At go-live, the contract is expected to generate approximately $21 million in quarterly revenue and strong cash flows from day one of deployment.