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Axe Compute Receives $260 Million Contract to Provide Nvidia B300 Chips; Shares Jump Pre-Bell

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Axe Compute (AGPU) said Wednesday it has received a $260 million enterprise infrastructure contract to deploy 2,304 Nvidia (NVDA) B300 graphics processing units and storage infrastructure in a US tier 3 data center.

Under the 36-month contract, Axe said it will deliver dedicated infrastructure to support large-scale AI model training, fine-tuning, and high-throughput inference workloads.

Axe said it plans to deploy the GPUs in Q3 and that it has options to renew the contract for additional years.

Shares of the company were up 117% in Wednesday premarket activity.

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Top Cryptocurrencies Fall; Bitcoin Falls Below $75,000

Top cryptocurrencies fell Tuesday, with Bitcoin (BTC-USD) dropping below the $75,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.6% in the past 24 hours. The Nasdaq 100 fell 0.5%, the S&P 500 and the Dow Jones Industrial Average were down about 0.6% each.Bitcoin dropped 1.7% to $74,985, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 7.1% to $37.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dipped 1.4% to $2,297.XRP (XRP-USD) declined 1%, BNB (BNB-USD) fell 0.7%, and Solana (SOL-USD) shed 1.6%. Dogecoin (DOGE-USD) dropped 1.6%, and Cardano (ADA-USD) lost 1.6%.The US 10-year Treasury yield stood at 4.289% at 3 p.m. ET Tuesday, up from 4.248% Monday, while the five-year yield rose to 3.906% from 3.848%.The total market value of the cryptocurrency industry fell 0.6% in the past 24 hours to $2.55 trillion, with trading volume declining 1.5% to $153.37 billion.Price: $74991.13, Change: $-863.67, Percent Change: -1.14%

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