Axe Compute Appoints Christopher Miglino as New CEO
- Key Takeaways: Axe Compute (AGPU) has appointed Christopher Miglino as its new CEO, aiming to accelerate its strategic development of a decentralized computing platform that integrates blockchain, AI, and capital markets. The company is committed to becoming a bridge between emerging technologies and public markets.
- Key Elements:
- The new CEO, Christopher Miglino, has been involved in building the company's digital asset treasury and expanding its AI computing power market. His appointment marks a new phase in the company's strategic execution.
- The company's core plan is to develop an institutional-grade platform supporting decentralized GPU computing and infrastructure-backed yield businesses in public markets.
- The company's development is based on its partnership with the Aethir network, aiming to provide large-scale, instant access to bare-metal GPU resources through decentralized global infrastructure.
- To incentivize the new CEO, the company's board has approved granting Miglino 500,000 stock options for common shares, which will vest gradually over three years.
- This leadership change reflects growing market confidence in decentralized computing as an alternative foundational layer for AI and Web3.
Axe Compute (Nasdaq: AGPU) announced on February 9th the appointment of Christopher Miglino as its new CEO, marking a pivotal step in the company's commitment to decentralized computing and digital infrastructure. Its business integrates blockchain, artificial intelligence, and capital markets.
Miglino was previously involved in building Axe Compute's digital asset treasury and facilitating its entry into the AI computing power trading market. This new role signifies Miglino's formal assumption of the Chief Executive Officer's duties. His appointment reflects Axe Compute's dedication to developing its computing platform. Axe Compute plans to develop an institutional-grade platform supporting decentralized GPU computing and infrastructure-backed yield businesses within public markets.
Under Miglino's leadership, Axe Compute plans to scale its decentralized computing operations, aiming to expand its infrastructure footprint, refine capital management strategies, and enhance operational capabilities. The company is committed to pursuing growth while adhering to its vision 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 evolution signifies the progression of our mission: to bring institutional discipline, transparency, and scale to emerging technologies poised to build the global AI infrastructure."
"It has been a privilege 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 capable of meeting growing global demand. I am incredibly proud of what we have accomplished and am confident the company will continue to thrive. Axe Compute is well-positioned for significant future success."
As CEO, Miglino will be responsible for Axe Compute's corporate strategy, capital markets initiatives, decentralized computing operations, and long-term growth roadmap. His duties include expanding Axe Compute'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 powerful 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 material 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 "Inducement Award") at an exercise price equal to the closing price of the company's common stock on the grant date. This incentive award grant falls outside the scope of the company's 2024 Equity Incentive Plan. One-third of the options will vest on the first anniversary of the grant date, with the remaining two-thirds vesting monthly in equal installments over the subsequent 24 months, provided Miglino remains employed by or provides services to the company through each respective vesting date.
About Axe Compute
Axe Compute (Nasdaq: AGPU) plans to democratize access to top-tier AI computing resources by connecting to the Aethir network. Leveraging Aethir's decentralized global infrastructure, Axe Compute aims to provide innovators and established enterprises with instant, large-scale access to bare-metal GPUs.
