Axe Compute (Nasdaq: AGPU) announced on February 9 the appointment of Christopher Miglino as its new CEO, marking a key step in Axe Compute’s mission to advance decentralized computing and digital infrastructure, integrating blockchain, artificial intelligence, and capital markets.
Miglino previously contributed to the construction of the Axe Compute digital asset library and helped advance Axe Compute into the AI computing power trading market. This new role signifies Miglino’s formal assumption of the company’s chief executive responsibilities. His appointment reflects Axe Compute’s commitment to growing its computing platform. Axe Compute plans to develop an institutionalized platform that supports decentralized GPU computing and infrastructure-backed yield services within public markets.
Under Miglino’s leadership, Axe Compute plans to scale its decentralized computing business, aiming to expand its infrastructure coverage, refine its financial management strategies, and enhance operational capabilities. The company is committed to pursuing growth while consistently upholding the vision of a decentralized, permissionless future.
Miglino said: “As AI, decentralized infrastructure, and capital markets converge, AGPU aims to serve as a bridge between emerging technologies and public market access. I thank Raymond Vennare for his support during the company’s transformation. This transition marks the evolution of our mission to bring institutionalization, transparency, and scale advantages to emerging technologies poised to build the global AI infrastructure.”
“I am honored to have led the team through the strategic transition from Predictive Oncology to Axe Compute,” said Vennare. “Together, we have built a strong foundation of innovation and execution, positioning Axe Compute as a leading decentralized enterprise-grade AI infrastructure provider capable of meeting the world’s growing demands. I am incredibly proud of what we’ve accomplished and am confident the company will continue to thrive. Axe Compute is well-positioned for tremendous success in the future.”
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 positioning 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, positioning it as a strong alternative to centralized infrastructure models while aligning with the long-term vision of a decentralized global economy.
500,000 stock options incentive
The Company’s Board of Directors Compensation Committee approved the grant of an incentive award to Miglino as a material incentive for his appointment as Chief Executive Officer, in accordance with Nasdaq Listing Rule 5635(c)(4).
On February 9, 2026, Miglino was granted 500,000 shares of the company’s common stock options (“Incentive Award”), with an exercise price equal to the closing price of the company’s common stock on the grant date. This Incentive Award was not made under the company’s 2024 Equity Incentive Plan. One-third of the options will vest within one year after the grant date, and the remaining two-thirds will vest monthly over the subsequent 24 months, provided that Miglino remains employed by or continues to provide services to the company through each respective vesting date.
About Axe Compute
Axe Compute (Nasdaq: AGPU) plans to make top-tier AI computing resources easily accessible to everyone by integrating with the Aethir network. Axe Compute will leverage Aethir’s decentralized global infrastructure to provide instant, large-scale bare-metal GPU access to innovators and established enterprises.