Axe Compute (Nasdaq: AGPU) announced on February 9 the appointment of Christopher Miglino as the new CEO of the company, marking a key step for Axe Compute in its commitment to decentralized computing and digital infrastructure, which integrates blockchain, artificial intelligence, and capital markets.
Miglino was previously involved in the construction of Axe Compute's digital asset library and facilitated Axe Compute's entry into the AI computing trading market. This new role means Miglino officially fulfills the responsibilities of the company's Chief Executive Officer. His appointment reflects Axe Compute's determination to develop its computing platform. Axe Compute plans to develop a structured platform to support revenue-generating operations of decentralized GPU computing and infrastructure support in the public market.
Under Miglino's leadership, Axe Compute plans to expand its decentralized computing business scale, aiming to broaden its infrastructure coverage, improve funding management strategies, and enhance operational capabilities. The company is committed to evolving with a focus on decentralization and permissionless future development while pursuing growth.
Miglino stated, "With the convergence of AI, decentralized infrastructure, and capital markets, AGPU's goal is to be a bridge between emerging technologies and access to public markets. I would like to thank Raymond Vennare for his support during the company's transformation. This transformation marks the evolution of our mission to bring institutional norms, transparency, and scale advantages to emerging technologies that aim to build global AI infrastructure."
"I am honored to lead the team in this strategic transition from Predictive Oncology to Axe Compute," Vennare expressed. "Together, we have built a strong foundation of innovation and execution that makes Axe Compute a leading decentralized enterprise AI infrastructure provider capable of meeting the growing global demand. I am immensely proud of our achievements and firmly believe the company will continue to thrive. Axe Compute is well-prepared to achieve great success in the future."
As CEO, Miglino will be responsible for Axe Compute's corporate strategy, capital markets plans, decentralized computing operations, and long-term growth roadmap. His responsibilities include expanding Axe Compute's funding-supported computing strategy, deepening partnerships with institutions and the decentralized ecosystem, and striving to establish the company as a market leader in the decentralized infrastructure sector.
The development trajectory of Axe Compute reflects the growing confidence in decentralized computing as a foundational layer for AI, Web3, and next-generation applications, which Axe Compute sees as a strong alternative to centralized infrastructure models, aligning with the long-term vision of a decentralized global economy.
500,000 Stock Option Incentive
The company's board compensation committee approved the grant of incentive awards to Miglino as an important incentive for his appointment as the company's Chief Executive Officer, in accordance with Nasdaq Listing Rule 5635(c)(4).
On February 9, 2026, Miglino was granted 500,000 options to purchase shares of the company’s common stock (“incentive award”), with the exercise price equal to the closing price of the company’s common stock on the grant date. The grant of this incentive award is not part of the company’s 2024 equity incentive plan. One-third of the options will vest within one year from the grant date, and the remaining two-thirds will vest in equal monthly installments over the next 24 months, provided that Miglino is employed by the company or serves the company on each corresponding vesting date.
About Axe Compute
Axe Compute (Nasdaq: AGPU) plans to provide easy access to top AI computing resources for everyone through the Aethir network. Axe Compute will utilize the decentralized global infrastructure provided by Aethir to offer large-scale bare-metal GPU instant access to innovators and established enterprises.
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