Duos Technologies Signs $200M GPU Hosting LOI and Names Doug Recker as CEO

Duos Technologies Group, Inc. announced in a press release that it has signed a non-binding letter of intent valued at approximately $200 million with Hydra Host to deploy a high-density NVIDIA GPU cluster for a global technology customer. The agreement supports a GPU-as-a-Service model expected to generate around $176 million in revenue over three years, with projected annual EBITDA exceeding $40 million.

The collaboration also includes potential colocation revenue of about $25 million over the same period and validates the company’s High-Power Edge Data Center business line, aimed at serving AI and high-performance computing customers. Duos has secured a 10MW site in Iowa for the project and is evaluating additional locations as part of its plan to build up to 75MW of distributed capacity.

Alongside the agreement, Doug Recker has been appointed Chief Executive Officer of Duos Technologies Group, effective April 1, 2026. He succeeds Chuck Ferry, who will remain on the company’s board. Recker will lead Duos’ next phase focused on scaling modular Edge Data Centers, expanding GPU hosting capabilities, and advancing its distributed AI infrastructure strategy.