Headquartered in Pittsburgh, Pennsylvania, Axe Compute Inc., established in 2002 and formerly known as Predictive Oncology Inc. until its December 2025 renaming, ...
Axe Compute Inc., headquartered in Pittsburgh, Pennsylvania, is a technology company that transitioned from its former identity as Predictive Oncology Inc. to become a dedicated GPU-as-a-Service provider. Founded in 2002, the company rebranded in December 2025 to focus on delivering bare-metal GPU infrastructure for AI and machine learning workloads. Its ...Axe Compute Inc., headquartered in Pittsburgh, Pennsylvania, is a technology company that transitioned from its former identity as Predictive Oncology Inc. to become a dedicated GPU-as-a-Service provider. Founded in 2002, the company rebranded in December 2025 to focus on delivering bare-metal GPU infrastructure for AI and machine learning workloads. Its platform offers access to a vast network of over 435,000 GPUs across 200+ global locations in 93 countries, enabling enterprises to deploy AI compute capacity in as little as 24-48 hours, with pricing positioned below hyperscaler rates. The company operates through two segments: the Compute Services segment, which provides AI-driven solutions leveraging an exclusive biobank of over 150,000 tumor samples and 3D cell culture models; and the Eagan division, which produces the FDA-approved STREAMWAY System for automated medical fluid waste management. Strategically, Axe Compute has formed partnerships, including one with Every Cure for drug repurposing, and announced significant expansion plans, including a $1.5 billion five-year dedicated cluster built on 9,200+ NVIDIA Blackwell B300 GPUs and a $260 million cluster expected to be live in Q3 2026, which is projected to generate $21 million in quarterly revenue. As of the latest data, the company employs 13 full-time employees and is led by CEO Christopher Miglino. Financially, the company is in a growth phase, evidenced by negative profitability metrics, but maintains a strong current ratio and minimal debt. With a market cap of approximately $92.4 million, Axe Compute is positioning itself as a key player in the AI infrastructure space, emphasizing global accessibility, transparent pricing, and rapid deployment to meet the growing demand for enterprise AI compute.
Erin McMahon: Thank you for joining us today. This is Axe Compute's Q1 2026 Investor Presentation. Before we begin, I'd like to direct everyone to Slide 2, which contains our important legal disclosures and forward-looking statements. Please take a moment to review. Note that today's discussion includes forward-looking statements subject to the risks and uncertainties described in our filings. We'd encourage everyone to review our 10-K filed March 31, 2026, and our 10-Q filed May 15, 2026, for the full picture. With that, I'll now hand it over to our CEO, Chris Miglino, to get us started.
Christopher Miglino: Thank you, Erin. Good morning, and thanks for joining us. I'm Chris Miglino, the CEO of Axe Compute. With me today are Josh Blacher, our outgoing Chief Financial Officer; and Jeremy Yaukey-Witter, our incoming CFO; and Kyle Okamoto, our President. Today we're presenting our Q1 2026 earnings. We appreciate you taking the time to hear about the company. I realize that a lot of you may be new to our story. So today, I want to tell you 3 things: what we do, why it works and where we're going. Enterprises have been told to work with the constraints of whatever compute data centers happen to have available: on their timeline, at their price, in their location. If you want GPUs, they tell you to get in line, 36 to 52-week wait list, and you have to take the region that the data center offers. You have to take the architecture they support. They want the off-takers, the renters of that equipment, to configure their business around what they can give you. That's the compromises that enterprises have been making in AI compute. So we see it differently. We're partnering with businesses to build on their terms. Three things make that real. Choice. So any kind of GPU, any location, any configuration match to the workload that the company needs. And we are seeing customers wanting all kinds of GPUs, not just the latest GPUs that are out there. There is a gamut of customers that want stuff that has been out there for years. Enterprise. We handle sourcing, matching, logistics, so our customers build around their businesses. And then we have global reach. So our supply team is engaged with talking to data centers globally, that allows us to deliver inventory that might be available very quickly, and then other customers that may want to build custom build-outs at these different centers all over the globe. So we're experts at going out and finding the power that's necessary that is available for the off-takers to do what they need to do. The time lines at the bottom shows how fast we've executed on our plan. At the end of September, we launched the Strategic Compute Reserve, enabling Axe to own tokens to buy compute. The best way to understand this is the same way consumers and teams could use tokens to engage with OpenAI and Claude, we use our tokens to buy bare metal compute. That turns into cash for the company. That's why investors should view our …
