Axe Compute shares surge 12.92% intraday after releasing first annual report and showing strong decentralized GPU network performance.

Axe Compute surged 12.92% intraday following the release of its first annual report as a Nasdaq-listed company. The report disclosed significant operational progress, including $12 million in contracts executed over 30 days, estimated quarterly revenue of $835,000, and over 20 enterprise clients. The Aethir network’s global deployment—spanning 94 countries and 435,000 GPU containers—highlighted the company’s growing traction in the decentralized computing power market. The news catalyzed a massive market reaction, with the stock reaching a +152% single-day peak and trading volume exceeding 900 times its 20-day average.