Alpha Compute Corp is a technology company that acquires, deploys, and leases high-performance graphics processing units in data center facilities to power artificial intelligence in North America and Europe. It operates through the Digital & Compute and Immuno-Oncology segments. The company also offers GPU-as-a-Service and AI confidential compute solutions to enterprise customers, technology companies, AI research laboratories, and decentralized AI ecosystems. Formerly known as AlphaTON Capital Corp., it changed its name to Alpha Compute Corp in April 2026 and is based in Tortola, the British Virgin Islands.
Alpha Compute Buys 300 Acres in Pennsylvania for AI Data Center
Alpha Compute has executed definitive real estate and asset purchase agreements to acquire over 300 acres of land and subsurface rights in Pennsylvania. The acquisition secures surface, mineral, and gas rights across the Utica and Marcellus shale formations, including over 75 existing wells, heavy equipment, and gathering infrastructure. Historical Halliburton estimated 10,000 barrels per acre of light Pennsylvania sweet crude oil across subsurface parcels, with modern geological reviews now underway to map reserve potential. Alpha Compute plans to build a new data center on the site modeled after its Northern Pennsylvania facility, complying with local zoning, regional grid standards, and Pennsylvania Department of Environmental Protection regulations. The company intends to establish municipal covenants to align with local development goals, create construction and operational jobs, modernize utility infrastructure, and ensure responsible well management under DEP oversight.
Artificial Intelligence › AI Data Center & Build-out ▲Capital
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
Artificial Intelligence › Build-out, Construction & Engineering ▲Demand
Energy Transition & Power Demand › Behind-the-Meter & On-site Power ▲Demand
Critical Materials & Supply Chain › Copper Demand
ALP · Capital · Positive Alpha Compute executed definitive agreements to acquire 300+ acres with mineral/gas rights and wells to build a new AI data center.
Alpha Compute Secures $47 Million Seller Financing for 200MW Pennsylvania AI Data Center Campus
Alpha Compute Corp. has secured $47 million in seller financing for its planned natural gas-powered AI data center campus in northern Pennsylvania, cutting the cash due at closing to $8 million against a $55 million base purchase price. Under a First Amendment to the August 11 Binding Term Sheet, the sellers will finance the remaining $47 million through a seller note carrying 6.00% fixed interest, interest-only monthly payments, a five-year maturity with a balloon payment, and no personal recourse or guaranty. The note is secured solely by a first-priority purchase-money mortgage on the roughly 350 aggregate surface and pore-space acres and approximately 1,800 net unleased Marcellus mineral acres in Tioga County, while data center, power generation and compute assets are expressly excluded from the collateral. The transaction remains a greenfield project with no operating capacity; the 200 MW figure represents planned capacity, with potential expansion to 1 GW, and closing remains subject to due diligence, definitive agreements and regulatory approvals. Alpha Compute also joined the Pennsylvania Chamber of Business and Industry, which represents more than 12,000 member businesses.
Alpha Compute Reports $1.5B Pipeline and Strong Cash Flows
Alpha Compute Corp. issued a market update highlighting explosive growth, a $1.5 billion sales pipeline, and a strong balance sheet, with management asserting the stock is undervalued. The company generates over $1.57 million in monthly recurring cash flows, excluding a recently secured $6.5 million deposit, and reports a 50% quarter-over-quarter revenue increase from its Alpha-01 NVIDIA Cluster and GAMEE. Operational milestones include a binding term sheet for a 200 MW data center campus in Pennsylvania, expansion of its executive team with alumni from major tech firms, and the launch of the Right2Compute Coalition and ALTX.finance marketplace. CEO Brittany Kaiser emphasized the company's focus on execution and transparency, while strategic partnerships with NVIDIA, Supermicro, Dell, and others aim to deliver competitive GPU-as-a-service pricing and reduce deployment risk for clients.
Alpha Compute Gets Additional 180 Days from Nasdaq to Meet Bid Price Rule
Alpha Compute Corp., a provider of high-density AI compute infrastructure, announced it received formal notification from Nasdaq granting an additional 180-day compliance period, until March 1, 2027, to regain compliance with the minimum bid price requirement for continued listing. The company's common stock, trading under the symbol ALP on The Nasdaq Capital Market, had been below the $1.00 per share minimum closing bid price for 30 consecutive business days, prompting the initial notification on March 2, 2026. Nasdaq determined that Alpha Compute meets all other listing standards, and the company has expressed its intention to cure the deficiency, potentially through a reverse share split. To regain compliance, the stock must close at or above $1.00 for at least 10 consecutive business days during the extension period. CEO Brittany Kaiser stated that the extension provides runway to execute the company's plan, emphasizing a focus on enterprise revenue and operating margins.
Alpha Compute to buy Pennsylvania land and gas rights for $55 million data center campus
AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million to develop a 200-megawatt data center campus, CEO Brittany Kaiser told Reuters. The northern Pennsylvania site, which would include gas-fired power generation, is expected to begin operating in the third quarter of 2027 and could eventually be expanded to generate one gigawatt of power. The deal includes undeveloped Marcellus gas rights covering about 1,800 mineral acres and gives the British Virgin Islands-incorporated company an exclusive option to acquire the assets, subject to due diligence, financing, permitting and final agreements. Kaiser expects to close the deal after a 60-day diligence period, with the build-out of the campus, including electrical connections, to cost about $500 million spread out over years. The project would be Alpha Compute's first data center development in the United States.
Crypto Treasury Firms Pivot to AI as Investor Demand Collapses
A growing number of digital-asset treasury companies are pivoting to artificial intelligence businesses in an effort to regain investor interest, but the strategy has largely failed to halt steep share-price declines. K Wave Media Ltd., a former Bitcoin accumulator that shifted to data center development, has fallen 71% since rebooting in May; Lixte Biotechnology Holdings Inc. dropped 33% since agreeing to merge with a battery firm in June; and AlphaTON Capital Corp., which held alternative cryptocurrencies, has declined 33% since rebranding as Alpha Compute Corp. in April. These firms are among at least a dozen DATs that have turned to AI-related ventures amid a crypto slump that has seen Bitcoin fall 49% from its October 2024 peak and US and Canadian DAT stocks post a median decline of 43% this year. Law firms that previously handled private placements for DATs report a complete halt in such deals since October, with companies now seeking opportunities in data centers, space exploration, and small nuclear reactors. While some Bitcoin miners like CoreWeave, Hut 8, Iren, and TeraWulf have seen better results retooling for AI, the broader pivot has not reversed the exodus from the crypto treasury model.
Alpha Compute Moves to Revenue Generation with $21-23 Million Run Rate
Alpha Compute Corp. has transitioned to a live AI compute operator with a $21 million to $23 million annualized revenue run rate, driven by its operational ALPHA-01 cluster and the recent GAMEE acquisition. The company's first enterprise-scale deployment, ALPHA-01, comprises 504 NVIDIA B200 GPUs under a two-year, $32.2 million contract with a frontier AI research lab, generating $16.1 million of annual contracted revenue and supported by a $7.5 million upfront reservation payment. ALPHA-02, a 576-GPU B300 cluster in Sweden, is targeted for late third-quarter 2026 deployment and is expected to roughly double the operating fleet, while a $200 million-plus qualified pipeline of late-stage enterprise opportunities supports further scale-up. The acquisition of a 60% controlling interest in GAMEE adds approximately 120 million registered users and a consumer application layer that could create internal demand for ALP's compute infrastructure. Management's outlook and the current valuation of 0.65 times annualized run-rate sales, compared with a peer average of 7.52 times, leave room for rerating as revenue, margins, and deployment milestones are delivered.
ALP · Demand · Positive Alpha Compute has transitioned to revenue generation with a $21-23M annualized run rate from its ALPHA-01 cluster and GAMEE acquisition.
Alpha Compute Corp. has appointed Enzo Villani as President, effective July 16, 2026. Villani, who already serves as Executive Chairman and Chief Investment Officer, will take on broader responsibility for corporate strategy, capital allocation, and operational execution while continuing his CIO duties under the newly formed Presidents Office. He will work alongside CEO Brittany Kaiser and the executive leadership team, and the CIO office will continue to report to him. The company does not expect the leadership transition to result in any change to its previously disclosed strategy, operations, or financial guidance.
Alpha Compute Corp to host Earnings Call on July 15, 2026
Alpha Compute Corp has scheduled its earnings conference call and webcast for Wednesday, July 15, 2026 at 1:00 PM ET. During the call, Alpha Compute management will discuss the unaudited financial and operational results, followed by a question-and-answer session. The company will release its results before the call at approximately 8:00 AM ET on July 15, 2026, with the earnings release available on its Investor Relations website.
Alpha Compute Corp. Completes Wind-Down of Legacy Digital Asset Treasury, Returns TON Holdings
Alpha Compute Corp. has initiated the return of the final tranche of locked and liquid Toncoin holdings, worth approximately $6 million, to affiliates of Animoca Brands, completing the orderly wind-down of its legacy Digital Asset Treasury and formally closing that line of business. The company will no longer hold digital assets as a balance-sheet treasury position, and going forward will hold Telegram GRAM tokens solely as earned consideration for AI confidential compute delivered to Telegram’s Cocoon AI network. The move completes Alpha Compute’s transformation from the treasury-oriented model of its predecessor, AlphaTON Capital Corp., into an operating company focused on sovereign AI compute infrastructure. Following the wind-down, the company projects unaudited assets of $73.4 million, equity of $20.5 million, debt of $0.4 million, GPU lease liabilities of $34.4 million, a twelve-month revenue forecasted run rate of $23 million, and 72 million shares outstanding. Alpha Compute remains a committed infrastructure provider to Telegram’s Cocoon network, delivering Trusted Execution Environment-secured inference through its Shroud confidential-compute product.
United States