Duos Technologies Group, Inc. (Nasdaq: DUOT), a leader in intelligent technologies and digital infrastructure, has signed a non-binding letter of intent (LOI) with Hydra Host to deploy a high-density NVIDIA GPU cluster for a leading global technology customer. The project supports a GPU-as-a-Service (GPUaaS) partnership expected to generate approximately $176 million in revenue over a 36-month term, with gross margins exceeding 80% and projected annual EBITDA of more than $40 million.
“We are thrilled to partner with the Duos team on this opportunity,” said Aaron Ginn, CEO and Co-Founder of Hydra Host. “Their ability to deliver immediate access to power combined with an industry-leading deployment speed makes them a standout in the market. We see significant runway ahead as we look to expand our collaboration around colocation and Duos’ High-Power EDC model, which we believe is purpose-built to address a market where demand for AI compute capacity is fundamentally outpacing the speed at which traditional data center supply can be delivered.”
Complementing this milestone, Duos has appointed Doug Recker as Chief Executive Officer, effective April 1, 2026, as the company accelerates its transformation into a focused Edge AI and digital infrastructure platform. Mr. Recker succeeds Chuck Ferry, who will continue to serve on the board of directors.
“This initial customer marks a pivotal step in accelerating the buildout of Duos Edge AI,” said Doug Recker, Chief Executive Officer. “We are now entering an exciting phase of execution, further reinforced by our recently announced LOI with Hydra Host, which underscores growing third-party demand for our distributed AI infrastructure model and validates the scalability of our platform. With secured power, rapid deployment capabilities, and expanding strategic partnerships, we believe Duos is well positioned to pursue high-value infrastructure opportunities. Our focus remains on disciplined expansion, capital-efficient growth, and delivering sustainable long-term value for our shareholders.”
Beyond GPUaaS revenue, the collaboration creates a pathway for approximately $25 million in incremental colocation revenue over the same term, validating Duos’ High-Power Edge Data Center (EDC) business line. The company has also signed a non-binding LOI for a ground lease in Iowa with access to up to 10MW of utility power, advancing its long-term goal of building up to 75MW of distributed capacity.
To learn more about Duos Technologies Group, Inc., visit www.duostechnologies.com.
