Axe, enterprise AI compute provider atop Aethir, burned through $10M cash last year.
Axe Compute, whose stock AGPU got listed on Nasdaq last year, disclosed in a press release that it raised $343.5 million in capital in 2025 via two private investment in public equity (PIPE) transactions, and used some of the proceeds to build a Strategic Compute Reserve, focused on Aethir's ATH tokens.
Revenue for the fiscal year ended Dec. 31 totaled $125,284, and operating expenses came out to $28.6 million. The company reported $152.5 million of losses on digital assets, for a $180.9 million operating loss.
According to the press release:
"As of Dec. 31, the Company had $10.8 million in cash and cash equivalents, and approximately 2.84 billion unlocked ATH tokens. Management believes the Company has access to sufficient liquidity sources to fund operations through fiscal 2026 and beyond, though results remain subject to ATH price volatility and other risks."