Miglino previously contributed to the development of Axe Compute's digital asset library and facilitated the company's entry into the AI computing power trading market. This appointment signifies Miglino's formal assumption of the CEO role. His selection reflects Axe Compute's dedication to advancing its computing platform. The company plans to develop an institutionalized platform supporting decentralized GPU computing and infrastructure-backed yield operations within public markets.
Under Miglino's leadership, Axe Compute intends to scale its decentralized computing business, aiming to expand its infrastructure coverage, refine capital management strategies, and enhance operational capabilities. The company is committed to pursuing growth while adhering to the principles of a decentralized, permissionless future.
Miglino stated: "As AI, decentralized infrastructure, and capital markets converge, AGPU aims to be the bridge between emerging technologies and public market access. I want to thank Raymond Vennare for his assistance during the company's transformation. This transition signifies the evolution of our mission: to bring institutional standards, transparency, and scale to emerging technologies poised to build the global AI infrastructure."
"It has been an honor to lead the team through the strategic transition from Predictive Oncology to Axe Compute," said Vennare. "Together, we built a strong foundation of innovation and execution, positioning Axe Compute as a leading decentralized enterprise-grade AI infrastructure provider to meet growing global demand. I am immensely proud of our achievements and confident the company will continue to thrive. Axe Compute is well-prepared for tremendous future success."
As CEO, Miglino will be responsible for Axe Compute's corporate strategy, capital market initiatives, decentralized computing operations, and long-term growth roadmap. His duties include expanding the company's capital-backed computing strategy, deepening partnerships with institutional and decentralized ecosystems, and striving to establish the company as a market leader in decentralized infrastructure.
Axe Compute's trajectory reflects growing confidence in decentralized computing as a foundational layer for AI, Web3, and next-generation applications. The company views it as a robust alternative to centralized infrastructure models, aligning with the long-term vision of a decentralized global economy.
500,000 Share Option Incentive
The company's Board Compensation Committee approved granting an incentive award to Miglino as a significant inducement for his appointment as CEO, in accordance with Nasdaq Listing Rule 5635(c)(4).
On February 9, 2026, Miglino was granted an option to purchase 500,000 shares of the company's common stock (the "Incentive Award") at an exercise price equal to the closing price of the company's common stock on the grant date. This incentive award falls outside the company's 2024 Equity Incentive Plan. One-third of the options will vest over the first year following the grant date, and the remaining two-thirds will vest monthly in equal installments over the subsequent 24 months, provided Miglino remains employed by or continues to serve the company through each respective vesting date.
About Axe Compute
Axe Compute (Nasdaq::AGPU) plans to make top-tier AI computing resources accessible to all by connecting to the Aethir network. Leveraging Aethir's decentralized global infrastructure, Axe Compute will provide innovators and established enterprises with instant, large-scale access to bare-metal GPUs.
