Overview
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- TickerAGPU on Nasdaq1
- IndustryFinance Services1
- HeadquartersPittsburgh, Pennsylvania1
- Incorporated inDE2
- Business address91 43Rd Street, Suite 110, Pittsburgh, Pa 152012
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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In late 2025, we expanded our business strategy to include a compute business under the Axe Compute brand, and renamed the Company Axe Compute Inc., effective December 11, 2025. Through a distributed network model, Axe Compute seeks to provide customers with access to graphics processing unit (“GPU”) compute capacity for artificial intelligence and other high-performance computing workloads, sourced primarily through infrastructure made available by the Aethir network. In connection with this strategic expansion, we adopted a digital asset treasury strategy focused on the Aethir token (“ATH”), the native utility token of the Aethir network, to support our participation in the Aethir ecosystem (“Treasury Strategy”). Collectively, we refer to this new operating business as our Compute Services and Treasury Management segment, which is the priority of the Company and Management’s focus.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$72.6K
- Research and development97¢$2.1M
Out of $125.3K in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $125.3K | $84.8K |
| Gains (losses) on digital assets | -$152.5M | $0 |
| Cost of revenues | $72.6K | $78.3K |
| General and administrative | $25.9M | $7.2M |
| Operations, research and development | $2.1M | $2.2M |
| Sales and marketing | $406.2K | $833.2K |
| Total operating expenses | $28.6M | $10.4M |
| Total operating (loss) | -$180.9M | -$10.3M |
| Other income | $806.0K | $89.4K |
| Other expense | -$9.0K | -$11.5K |
| Gain (loss) on derivative instruments | -$52.7M | $1.4K |
| Loss from continuing operations | -$232.9M | -$10.2M |
| Loss from discontinued operations | -$241.6K | -$2.4M |
| Net loss | -$233.1M | -$12.7M |
| Loss from continuing operations (in dollars per share) | -$13 | -$28 |
| Loss from discontinued operations (in dollars per share) | -$0 | -$7 |
| Net loss per common share, basic and diluted (in dollars per share) | -$13.37 | -$34.83 |
| Weighted average shares used in computation basic and diluted (in shares) | 17.4M shares | 363.6K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.8M | $611.8K | ||
| Accounts receivable, net | $32.1K | $34.2K | ||
| Prepaid expense and other assets | $280.9K | $318.5K | ||
| Crypto assets at fair value | $24.4M | $0 | ||
| Digital asset receivable | $7.2M | $0 | ||
| Current assets of discontinued operations | $0 | $1.3M | ||
| Total current assets | $42.8M | $2.2M | ||
| Locked crypto receivable at fair value, net of current portion | $8.3M | $0 | ||
| Property and equipment, net | $223.1K | $347.6K | ||
| Lease right-of-use assets | $1.5M | $2.0M | ||
| Other long-term assets | $148.9K | $149.4K | ||
| Non-current assets of discontinued operations | $0 | $202.3K | ||
| Total assets | $52.9M | $5.0M | ||
| Accounts payable | $1.8M | $1.0M | ||
| Note payable | $108.0K | $0 | ||
| Accrued expenses and other liabilities | $1.5M | $1.2M | ||
| Contract liabilities | $144.1K | $224.1K | ||
| Lease liability | $653.7K | $555.2K | ||
| Current liabilities of discontinued operations | $0 | $533.4K | ||
| Total current liabilities | $4.3M | $3.6M | ||
| Lease liability net of current portion | $904.5K | $1.6M | ||
| Non-current liabilities of discontinued operations | $0 | $23.5K | ||
| Total liabilities | $5.2M | $5.2M | ||
| Common stock, $.01 par value, 200,000,000 shares authorized, 4,083,173 and 444,475 shares outstanding as of December 31, 2025, and December 31, 2024, respectively | $40.8K | $4.4K | ||
| Additional paid-in capital | $461.2M | $180.2M | ||
| Accumulated deficit | -$413.5M | -$180.4M | ||
| Total stockholders equity (deficit) | $47.7M | -$202.6K | $2.0M | $8.3M |
| Total liabilities and stockholders equity (deficit) | $52.9M | $5.0M | ||
| Preferred Stock, Shares Authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 4.1M shares | 444.5K shares | ||
| Common Stock, Shares, Issued (in shares) | 4.1M shares | 444.5K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.8M | $611.8K | ||
| Accounts receivable, net | $32.1K | $34.2K | ||
| Prepaid expense and other assets | $280.9K | $318.5K | ||
| Crypto assets at fair value | $24.4M | $0 | ||
| Digital asset receivable | $7.2M | $0 | ||
| Current assets of discontinued operations | $0 | $1.3M | ||
| Total current assets | $42.8M | $2.2M | ||
| Locked crypto receivable at fair value, net of current portion | $8.3M | $0 | ||
| Property and equipment, net | $223.1K | $347.6K | ||
| Lease right-of-use assets | $1.5M | $2.0M | ||
| Other long-term assets | $148.9K | $149.4K | ||
| Non-current assets of discontinued operations | $0 | $202.3K | ||
| Total assets | $52.9M | $5.0M | ||
| Accounts payable | $1.8M | $1.0M | ||
| Note payable | $108.0K | $0 | ||
| Accrued expenses and other liabilities | $1.5M | $1.2M | ||
| Contract liabilities | $144.1K | $224.1K | ||
| Lease liability | $653.7K | $555.2K | ||
| Current liabilities of discontinued operations | $0 | $533.4K | ||
| Total current liabilities | $4.3M | $3.6M | ||
| Lease liability net of current portion | $904.5K | $1.6M | ||
| Non-current liabilities of discontinued operations | $0 | $23.5K | ||
| Total liabilities | $5.2M | $5.2M | ||
| Common stock, $.01 par value, 200,000,000 shares authorized, 4,083,173 and 444,475 shares outstanding as of December 31, 2025, and December 31, 2024, respectively | $40.8K | $4.4K | ||
| Additional paid-in capital | $461.2M | $180.2M | ||
| Accumulated deficit | -$413.5M | -$180.4M | ||
| Total stockholders equity (deficit) | $47.7M | -$202.6K | $2.0M | $8.3M |
| Total liabilities and stockholders equity (deficit) | $52.9M | $5.0M | ||
| Preferred Stock, Shares Authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 4.1M shares | 444.5K shares | ||
| Common Stock, Shares, Issued (in shares) | 4.1M shares | 444.5K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$233.1M | -$12.7M |
| Less: loss from discontinued operations | -$241.6K | -$2.4M |
| Net loss from continuing operations | -$232.9M | -$10.2M |
| Depreciation and amortization | $129.0K | $132.3K |
| Amortization of operating lease right-of-use assets | $559.5K | $495.9K |
| Write off of aged accounts payable and accrued expenses | -$676.7K | $0 |
| Vesting expense | $1.0M | $906 |
| Shares of common stock issued to employees and nonemployees | $15.6M | $99.3K |
| (Gain) loss on derivative instruments | $52.7M | -$1.4K |
| (Gain) loss on digital assets | $152.5M | $0 |
| Loss on disposal of property and equipment | $0 | $803 |
| Loss on disposal of intangible assets | $0 | $4.7K |
| Accounts receivable | $2.0K | $45.8K |
| Prepaid expense and other assets | $33.6K | $119.7K |
| Accounts payable | $1.0M | -$169.1K |
| Accrued expenses and other | $751.1K | -$154.5K |
| Contract liabilities | -$80.0K | -$45.8K |
| Operating lease liability | -$555.2K | -$407.1K |
| Net cash used in continuing operating activities: | -$9.9M | -$10.1M |
| Crypto assets purchased | -$32.6M | $0 |
| Purchase of property and equipment | $0 | -$9.5K |
| Net cash used in continuing investing activities: | -$32.6M | -$9.5K |
| Proceeds from issuance of common stock and warrants | $56.0M | $5.0M |
| Costs to issue common stock and warrants | -$4.0M | -$871.0K |
| Proceeds from issuance of financing note payable | $264.0K | $275.1K |
| Repayment of note payable | -$156.1K | -$425.5K |
| Payments for taxes related to net share settlement of restricted stock units | -$58.4K | $0 |
| Net cash provided by continuing financing activities | $52.0M | $3.9M |
| Net cash used in operating activities | -$82.5K | -$1.9M |
| Net cash provided by investing activities | $625.0K | $32.0K |
| Net cash provided by (used in) financing activities | $0 | $0 |
| Net cash provided by (used in) discontinued operations | $542.5K | -$1.8M |
| Net increase (decrease) in cash | $10.1M | -$8.0M |
| Cash payments for interest | $9.0K | $11.5K |
| Digital assets received pursuant to securities purchase agreements | $63.0M | $0 |
| Digital asset receivable received pursuant to securities purchase agreements | $96.8M | $0 |
| Vested ATH claimed from Locked ATH Receivable at Fair Value | $3.4M | $0 |
| Shares issued for vested restricted stock units, net of shares withheld for taxes | $502 | $0 |
| Equipment transferred from discontinued operations | $0 | $5.1K |
No quarter-by-quarter statement was filed.
Corporate structure
Axe Compute Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Axe Compute Inc.
- Kyle Robert Okamoto Filed SCHEDULE 13D on Axe Compute Inc., latest Apr 16, 2026
- INTRACOASTAL CAPITAL, LLC Filed SC 13G/A on Axe Compute Inc., latest Feb 11, 2022
- Axe Compute Inc. Pittsburgh, Pennsylvania
- Helomics Corporation Subsidiary · Delaware, United States
- Skyline Medical Inc. Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Axe Compute Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.0M5 Dec 31, 2025 | $2.2M5 Dec 31, 2024 | −6.5% |
| Accumulated depreciation | $1.8M5 Dec 31, 2025 | $1.8M5 Dec 31, 2024 | −0.9% |
| Property and equipment, net | $223.1K5 Dec 31, 2025 | $347.6K5 Dec 31, 2024 | −35.8% |
| Operating-lease assets (leased space) | $1.5M5 Dec 31, 2025 | $2.0M5 Dec 31, 2024 | −27.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $10.8M5 Dec 31, 2025 | $611.8K5 Dec 31, 2024 | +1663.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $210.1K10 Dec 31, 2024 | $241.3K10 Dec 31, 2023 | −12.9% |
| Finite-lived intangibles, net | $210.1K10 Dec 31, 2024 | $252.5K9 Dec 31, 2023 | −16.8% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $385.7K10 Dec 31, 2024 | $480.8K10 Dec 31, 2023 | −19.8% |
| Raw materials | $175.2K10 Dec 31, 2024 | $227.1K10 Dec 31, 2023 | −22.9% |
| Work in process | $18.5K10 Dec 31, 2024 | $010 Dec 31, 2023 | |
| Finished goods | $192.1K10 Dec 31, 2024 | $253.7K10 Dec 31, 2023 | −24.3% |
Properties, in its own words
Our corporate offices are in Pittsburgh, Pennsylvania. We have leases for office and laboratory space that are effective through February 29, 2028.
We expect that the current space will be adequate for our current office and laboratory needs.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Axe Compute Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerChristopher Miglino Mar 11, 2026 to now13
- Chief executive officerRaymond F. Vennare Jan 4, 2023 to Mar 11, 202614
- Chief executive officerJ. Melville Engle Apr 2, 2021 to Jan 6, 202215
- Chief executive officerCarl I. Schwartz Jan 27, 2017 to Mar 12, 202116
- Chief executive officerJoshua Kornberg May 17, 2012 to Apr 20, 201617
- Chief executive officerKevin R. Davidson Dec 2, 2009 to Jan 6, 201118
- ChairJ. Melville Engle Apr 2, 2021 to Jan 6, 202215
- PresidentKyle Robert Okamoto Apr 2, 2026 to now19
- PresidentJoshua Kornberg May 17, 2012 to Apr 20, 201617
- PresidentKevin R. Davidson Dec 2, 2009 to Jan 6, 201118
- Chief financial officerJeremy Reese Yaukey-Witter Apr 21, 2026 to now20
- Chief financial officerJoshua Blacher Sep 11, 2025 to Apr 21, 202621
- Chief financial officerJoshua Kornberg May 17, 2012 to Jun 7, 201217
- Chief financial officerRobert L. Myers Aug 14, 2012 to Sep 27, 202322
- Chief financial officerKevin R. Davidson Dec 2, 2009 to Jan 6, 201118
- Chief operating officerDavid Orrin Johnson Aug 14, 2012 to Jun 26, 201723
- Chief operating officerChad A. Ruwe Dec 3, 2009 to Aug 4, 201124
Board members and other officers (35)
- Chief Investment OfficerThomas Louis McLaughlin Oct 17, 2025 to now25
- Chief Business OfficerPamela Bush Feb 10, 2023 to Feb 10, 202326
- Corporate SecretaryAlan G. Shuler Dec 1, 2009 to Jan 6, 201127
- VP of Sales and MarketingKirsten Doerfert Dec 2, 2009 to Dec 2, 200928
- Board memberChristopher Miglino Mar 11, 2026 to now13
- Board memberTheodore Zhu May 1, 2026 to now29
- Board memberShawn Matthews Oct 17, 2025 to now30
- Board memberVeena Rao May 12, 2023 to now31
- Board memberMatthew Hawryluk Dec 5, 2022 to now32
- Board memberChristina Lee Jenkins Md. Apr 23, 2021 to Jul 5, 202233
- Board memberRaymond F. Vennare Sep 14, 2021 to now34
- Board memberPamela S. Prior Feb 12, 2020 to Apr 2, 202035
- Board memberDaniel E. Handley Feb 21, 2020 to now36
- Board memberCharles Lee Nuzum Sr. Jul 13, 2020 to now37
- Board memberNancy Chung-Welch Jul 13, 2020 to now38
- Board memberClair Gregory St. Sr. Jul 14, 2020 to now39
- Board memberGerald J. Vardzel Jr. Apr 8, 2019 to Apr 6, 202040
- Board memberRichard Taney Jan 19, 2016 to Jan 19, 201641
- Board memberCarl I. Schwartz Mar 30, 2016 to Mar 12, 202142
- Board memberJ. Melville Engle Nov 2, 2016 to May 24, 202243
- Board memberTimothy A. Krochuk Nov 3, 2016 to Oct 3, 201944
- Board memberRichard L. Gabriel Dec 8, 2016 to Apr 2, 202145
- Board memberArnon I. Dreyfuss Aug 8, 2013 to Oct 2, 201446
- Board memberFrank G. /fa/ Mancuso Aug 9, 2013 to Oct 2, 201547
- Board memberJeffrey Galitz Mar 26, 2012 to Mar 26, 201248
- Board memberJoshua Kornberg Mar 26, 2012 to Apr 20, 201649
- Board memberAlbert Emola Apr 18, 2012 to Apr 18, 201250
- Board memberRicardo Koenigsberger Jul 6, 2012 to Apr 7, 201551
- Board memberKevin R. Davidson Dec 2, 2009 to Jan 6, 201118
- Board memberChad A. Ruwe Dec 3, 2009 to May 29, 201224
- Board memberLawrence W. Gadbaw Dec 4, 2009 to Jan 5, 201152
- Board memberPeter L. Morawetz Dec 4, 2009 to Jan 12, 201153
- Board memberJames E. Dauwalter Dec 7, 2009 to Jan 6, 201154
- Board memberThomas J. McGoldrick Dec 9, 2009 to Jan 3, 202055
- Board memberAndrew P. Reding Dec 10, 2009 to Jul 2, 202056
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 5, 20268-K Entered a material agreement; Regulation FD disclosure59
- Sep 17, 20268-K Entered a material agreement; Completed an acquisition or sale60
- Aug 17, 20268-K Other events61
- Aug 14, 20268-K Results of operations62
- Jul 27, 20268-K Other events63
- Jul 22, 20268-K Other events64
- Jun 9, 20268-K Other events65
- May 18, 20268-K Results of operations66
- May 15, 20268-K Other events67
- May 12, 20268-K Regulation FD disclosure68
- Apr 22, 20268-K Other events69
- Apr 16, 20268-K Executive or director change70
- Mar 11, 2026New chief executive Christopher Miglino becomes CEO13
- Jan 4, 2023New chief executive Raymond F. Vennare becomes CEO14
- Apr 2, 2021New chief executive J. Melville Engle becomes CEO15
- Jan 27, 2017New chief executive Carl I. Schwartz becomes CEO16
- May 17, 2012New chief executive Joshua Kornberg becomes CEO17
- Dec 2, 2009New chief executive Kevin R. Davidson becomes CEO18
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/202671
When it reported results
- Aug 14, 2026Reported quarterly or annual results62
- May 18, 2026Reported quarterly or annual results66
- Mar 31, 2026Reported quarterly or annual results72
- Nov 14, 2025Reported quarterly or annual results73
- Aug 14, 2025Reported quarterly or annual results74
- May 15, 2025Reported quarterly or annual results75
- Apr 1, 2025Reported quarterly or annual results76
- Nov 13, 2024Reported quarterly or annual results77
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
314 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 98 major events, 125 insider forms, 2 large holders, 6 private raises, 63 other. The latest 20:
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20263 EDGAR
- Oct 5, 20268-K EDGAR
- Sep 17, 20268-K EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Aug 17, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- Jul 29, 2026424B3 EDGAR
- Jul 27, 2026EFFECT EDGAR
The 314 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
11 open-market trades by officers, directors and large owners since October 2021: 10 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Zhu TheodoreDirector | Buy | 8,750 | $11.24 | $98.3K | Form 4 |
| Sep 25, 2023 | Nuzum Charles Lee SrDirector | Sale | 10,000 | $3.04 | $30.4K | Form 4 |
| Dec 15, 2022 | HANDLEY DANIEL EDirector | Buy | 6,000 | $0.41 | $2.5K | Form 4 |
| Dec 2, 2022 | MYERS ROBERT LCHIEF FINANCIAL OFFICER | Buy | 8,795 | $0.57 | $5.0K | Form 4 |
| Dec 2, 2022 | Vennare Raymond FChief Executive Officer | Buy | 5,000 | $0.52 | $2.6K | Form 4 |
| Nov 29, 2022 | HANDLEY DANIEL EDirector | Buy | 10,000 | $0.36 | $3.6K | Form 4 |
| May 26, 2022 | HANDLEY DANIEL EDirector | Buy | 2,550 | $0.37 | $944 | Form 4 |
| May 25, 2022 | HANDLEY DANIEL EDirector | Buy | 2,800 | $0.35 | $980 | Form 4 |
| May 24, 2022 | ENGLE J MELVILLE | Buy | 159,500 | $0.37 | $59.0K | Form 4 |
| May 20, 2022 | Nuzum Charles Lee SrDirector | Buy | 200,000 | $0.31 | $62.0K | Form 4 |
| May 20, 2022 | MYERS ROBERT LCHIEF FINANCIAL OFFICER | Buy | 16,125 | $0.30 | $4.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Kyle Robert OkamotoSCHEDULE 13D, 1 filing Apr 16, 202678
- INTRACOASTAL CAPITAL, LLCSC 13G/A, 1 filing Feb 11, 202279
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Raymond F. Vennare | 73 | $525.0K80 | |
| 2024 | Josh Blacher | 53 | $453.9K80 | |
| 2024 | Pamela Bush | $51.2K | $392.6K80 | |
| 2023 | Raymond F. Vennare | 73 | $525.0K80 | |
| 2023 | Pamela Bush | $402.9K80 | ||
| 2023 | Josh Blacher | 53 | $170.1K80 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $228.9M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $224.5M | $224.5M |
| 2024 | $2.2M | $2.2M |
| 2022 | $2.3M | $2.3M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Oct 7, 2025Raised $50.8 million in a private offering of equity58 Form D: 29 investors so far Form D
- Oct 7, 2025Raised $173.3 million in a private offering of securities81 Form D: 20 investors so far Form D
- Aug 26, 2025Raised $413,093 in a private offering of equity57 Form D: 1 investor so far Form D
- Jul 26, 2024Raised $2.2 million in a private offering of securities82 Form D: 8 investors so far Form D
- May 18, 2022Raised $2.3 million in a private offering of securities83 Form D: 4 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 26. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Axe Compute Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAxe Compute Inc.1
- CIK0001446159
- Employer ID (EIN)33-10073934
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address91 43Rd Street, Suite 110, Pittsburgh, PA 152011
- Phone412-432-15001
- Shares outstanding11,591,124 as of Aug 13, 202612
- Public float$8.0M as of Jun 30, 20254
- AuditorKPMG LLP, Pittsburgh, Pennsylvania PCAOB ID 185; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 12, 20081
- Filings1,337 in all: 4 (414), 8-K (305), 10-Q (51), 3 (46), 424B3 (46), UPLOAD (40), CORRESP (33), S-1/A (31)1
All 52 form types
EFFECT (30), DEFA14A (28), SC 13D/A (26), DEF 14A (24), 425 (22), D (21), 424B5 (19), 10-K (17), PRE 14A (17), S-3 (15), S-1 (12), S-8 (12), 8-K/A (11), S-3/A (10), 4/A (9), SC 13G (9), 10-K/A (7), SC 13D (7), 10-Q/A (6), 3/A (5), NT 10-Q (5), SC TO-I/A (5), SD (5), D/A (4), NT 10-K (4), POS AM (4), S-4/A (4), 8-A12G (3), DEFR14A (3), S-4 (3), SC 13G/A (3), 424B4 (2), 8-A12B (2), ARS (2), CERTNAS (2), DEF 14C (2), PRE 14C (2), RW (2), SC TO-I (2), 25-NSE (1), CT ORDER (1), SC TO-C (1), SCHEDULE 13D (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Oct 27, 2025
Latest 8-K (8-K) Oct 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, $0.01 par value | AGPU | NASDAQ |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Axe Compute Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 34 risks under these headings, as written.4
- We have adopted a digital asset treasury strategy with a focus on ATH, and we may be unable to successfully implement this new strategy.
- Our shift towards an Aethir-focused strategy requires substantial changes in our day-to-day operations and exposes us to significant operational risks.
- The concentration of our ATH holdings enhances the risks inherent in our Aethir-focused strategy.
- The price of ATH is highly volatile and unpredictable, and fluctuations in the price of ATH will directly affect our reported financial results.
- ATH may have limited liquidity, which could impair our ability to sell ATH holdings at favorable prices or at all, particularly when market conditions are adverse.
- The price of ATH is correlated with broader cryptocurrency market conditions and macroeconomic factors outside our control, and adverse developments in the broader digital asset market may disproportionately harm our financial position.
- If the Aethir network is disrupted or encounters any unanticipated difficulties or otherwise does not perform as expected, fails or experiences any other adverse consequences, the value of ATH could be negatively impacted.
- ATH and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty, which could materially adversely affect the Company’s financial position, operations and prospects.
- In connection with our Treasury Strategy, we expect to interact with various smart contracts deployed on the Aethir network, which may expose us to risks and technical vulnerabilities.
- Advances in AI model efficiency could reduce demand for GPU compute, adversely affecting the Aethir network and the value of our compute business.
- Geopolitical tensions and trade restrictions, particularly between the United States and China, could disrupt GPU supply chains and limit our addressable market.
- The energy and environmental demands of data centers and GPU compute infrastructure may constrain the growth of the compute market and result in increased regulatory costs or operational limitations.
The other 22 risks
- Demand for GPU compute is highly concentrated among a small number of large technology companies and governments, and any reduction in their expenditures could have a disproportionate adverse effect on the compute market and our business.
- Part of our future business strategy may include acquisitions and investments in companies with Aethir-focused or blockchain strategies, and there are risks associated with the integration of any assets or operations acquired and our ability to manage those risks. In addition, we may be unable to make attractive acquisitions or successfully integrate acquired businesses, assets or properties, and any inability to do so may disrupt our business and hinder our ability to grow.
- Changes in regulatory interpretations could require us to register as a money services business or money transmitter, leading to increased compliance costs or operational shutdowns.
- The sale of our Legacy Business may not be completed on favorable terms, or at all, which could adversely affect our business and financial condition.
- The Helomics business may experience disruption during the sale process, which could reduce its value and adversely affect our results of operations.
- We may be subject to liabilities, indemnification obligations, or transition costs in connection with the sale of the Helomics business that could adversely affect our financial condition.
- Our certificate of incorporation, as amended, provides that, to the fullest extent permitted by law, the Court of Chancery of the State of Delaware will be the exclusive forum for certain legal actions between us and our stockholders, which could limit our stockholders’ ability to obtain a judicial forum viewed by the stockholders as more favorable for disputes with us or our directors, officers, or employees.
- Our common stock could be delisted from the Nasdaq Capital Market, which delisting could hinder your ability to obtain accurate quotations on the price of our common stock or dispose of our common stock in the secondary market.
- Limitations on director and officer liability and indemnification of our officers and directors by us may discourage stockholders from bringing a suit against a director.
- You may experience dilution as a result of future equity offerings.
- The exercise of outstanding warrants, and issuance of equity awards may have a dilutive effect on our stock, and negatively impact the price of our common stock.
- Shares eligible for future sale may adversely affect the market.
- We do not expect to pay cash dividends for the foreseeable future, and we may never pay dividends; investors must rely on stock appreciation, if any, for any return on investment in our common stock.
- Our board of directors’ ability to issue undesignated preferred stock and the existence of anti-takeover provisions may depress the value of our common stock.
- Our stock price may be volatile, and you could lose all or part of your investment.
- General Risk Factors
- Business disruptions could harm our operations, lead to a decline in revenue and increase our costs.
- Our success is dependent on our ability to attract and retain technical personnel, sales and marketing personnel, and other skilled management.
- Our ability to use net operating loss and tax credit carryforwards and certain built-in losses to reduce future tax payments is limited by provisions of the Internal Revenue Code and may be subject to further limitation because of prior or future offerings of our stock or other transactions.
- Costs incurred because we are a public company may affect our profitability.
- Acquisitions involve risks that could result in adverse changes to operating results, cash flows, and liquidity.
- Security breaches, loss of data, and other disruptions to our business or the business of our third-party service providers could compromise sensitive information related to our business or prevent us from accessing critical information and expose us to liability, which could adversely affect our business and reputation.
- If our information technology and communications systems fail or we experience a significant interruption in our operations, our reputation, business, and results of operations could be materially and adversely affected.
Legal proceedings
In the ordinary course of business, we may periodically become subject to legal proceedings and claims arising in connection with ongoing business activities from time to time. The results of litigation and claims cannot be predicted with certainty, and unfavorable resolutions are possible and could materially affect our results of operations, cash flows or financial position. In addition, regardless of the outcome, litigation could have an adverse impact on us because of defense costs, diversion of management attention and resources and other factors.
Information regarding our legal proceedings can be found in Note 9, Contingencies, to the consolidated financial statements of this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARKyle Robert Okamoto, President
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- 26SEC EDGARPamela Bush, Chief Business Officer
- 27SEC EDGARAlan G. Shuler, Corporate Secretary
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- 29SEC EDGARTheodore Zhu, Board member
- 30SEC EDGARShawn Matthews, Board member
- 31SEC EDGARVeena Rao, Board member
- 32SEC EDGARMatthew Hawryluk, Board member
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- 34SEC EDGARRaymond F. Vennare, Board member
- 35SEC EDGARPamela S. Prior, Board member
- 36SEC EDGARDaniel E. Handley, Board member
- 37SEC EDGARCharles Lee Nuzum Sr., Board member
- 38SEC EDGARNancy Chung-Welch, Board member
- 39SEC EDGARClair Gregory St. Sr., Board member
- 40SEC EDGARGerald J. Vardzel Jr., Board member
- 41SEC EDGARRichard Taney, Board member
- 42SEC EDGARCarl I. Schwartz, Board member
- 43SEC EDGARJ. Melville Engle, Board member
- 44SEC EDGARTimothy A. Krochuk, Board member
- 45SEC EDGARRichard L. Gabriel, Board member
- 46SEC EDGARArnon I. Dreyfuss, Board member
- 47SEC EDGARFrank G. /fa/ Mancuso, Board member
- 48SEC EDGARJeffrey Galitz, Board member
- 49SEC EDGARJoshua Kornberg, Board member
- 50SEC EDGARAlbert Emola, Board member
- 51SEC EDGARRicardo Koenigsberger, Board member
- 52SEC EDGARLawrence W. Gadbaw, Board member
- 53SEC EDGARPeter L. Morawetz, Board member
- 54SEC EDGARJames E. Dauwalter, Board member
- 55SEC EDGARThomas J. McGoldrick, Board member
- 56SEC EDGARAndrew P. Reding, Board member
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- 61SEC EDGAROther events
- 62SEC EDGARResults of operations
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- 66SEC EDGARResults of operations
- 67SEC EDGAROther events
- 68SEC EDGARRegulation FD disclosure
- 69SEC EDGAROther events
- 70SEC EDGARExecutive or director change
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