Neocloud Axe Compute has secured a $1.5 billion compute capacity agreement with an unnamed customer.
The contract will run for five years and see Axe deploying a cluster of 9,200 Nvidia B300 GPUs in the US. The cluster will be owned and operated by Axe Compute and leased to the customer.
– Axe Compute
This brings Axe Compute's total 2026 contract value to more than $3 billion. Axe expects to receive more than $534 million in aggregate prepayments in the next month from this contract and others announced earlier this month.
The company will pair the pre-payments with project-level financing to fund its remaining buildouts. Revenue for the company will start being generated this month, increasing as further deployments come online.
