Duos Edge AI signs $111M data center deal
Duos Edge AI signed a five-year agreement worth over $111 million for 10 MW of IT-load capacity in Columbus, Georgia, expanding total capacity to 20 MW by Q4 2026. Duos Technologies Group acquired the property for $15 million cash and a three-year earnout note of up to $15 million based on power delivery milestones.
*this image is generated using AI for illustrative purposes only.
Duos Edge AI, a subsidiary of Duos Technologies Group, has entered into a five-year agreement valued in excess of $111 million to provide 10 MW of critical IT-load capacity at its Columbus, Georgia data center campus. The new agreement is expected to expand the campus's total IT-load capacity to 20 MW by the end of the fourth quarter of 2026. This expansion follows Duos Technologies Group's acquisition of the property on July 14, 2026, for $15 million in cash and the issuance of a Seller Contingent Earnout Note.
The Note has a three-year term and provides for payments to the seller solely upon the achievement of certain specified milestones. For each additional 5 MW of power delivered by or on behalf of the seller above the amount available to the Property at closing, the Company will pay the seller $5 million. There are three milestones in the Note, allowing for a maximum payout of $15 million. If any milestone is not achieved by the end of the three-year term, no payment will be made with regard to that milestone. At the seller’s option, at any time on or after December 14, 2026, a milestone payment may be made in restricted shares of the Company’s common stock, par value $0.001 per share, at a fixed price through the term of $10.50 per share.
The capacity under the new agreement is expected to become available in the fourth quarter of 2026. This follows the previously announced initial 10 MW deployment at the Columbus campus, which is expected to begin generating revenue in August 2026. With these additions, Duos Edge AI has confirmed 20 MW in total contracted deployment for 2026.
Key Agreement and Acquisition Details
| Metric | Details |
|---|---|
| Agreement Value | Over $111 million |
| Term | Five years |
| IT-Load Capacity | 10 MW |
| Location | Columbus, Georgia data center campus |
| Availability | Fourth quarter of 2026 |
| Property Purchase Price | $15 million cash |
| Earnout Note Maximum | $15 million |
| Earnout Term | Three years |
How will Duos Edge AI fund the operational costs and capital expenditures required to double the campus's IT-load capacity to 20 MW by the end of 2026?
What is the company's strategy for securing additional power infrastructure to support future growth beyond the current 20 MW contracted deployment?
Will the seller elect to receive milestone payments in restricted shares or cash, and how might this decision impact Duos Technologies' share price and dilution?
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