Alpha Compute Corp

Alpha Compute Corp is a technology company that acquires, deploys, and leases high-performance GPUs in data center facilities to power AI workloads, with a focus on confidential compute. The company operates GPU infrastructure in North America and Europe, offering GPU-as-a-Service (GPUaaS) and AI confidential compute solutions. Its customers include enterprise companies, technology firms, AI research laboratories, and decentralized AI ecosystems. Alpha Compute Corp began acquiring and installing NVIDIA GPU hardware, including H200, B200, and B300 processors, in third-party data centers in late 2025. In April 2026, the company rebranded to Alpha Compute Corp and changed its Nasdaq ticker from "ATON" to "ALP". While it retains a residual position in TON digital assets from its previous focus as a digital asset treasury company, this is no longer its primary operational focus. The company's main revenue model involves acquiring and leasing NVIDIA GPU hardware and compute capacity to enterprise customers through multi-year off-take agreements. Customers pay for dedicated access to GPU clusters for large-scale AI training, inference, and research. Revenue is generated from contracted lease rates and capacity utilization, providing a recurring revenue stream. Alpha Compute Corp's first large-scale deployment, ALPHA-01, consists of 504 NVIDIA B200 GPUs located in a hydroelectric-powered Canadian data center. ALPHA-01 became fully operational in May 2026 and is subject to a two-year, $32.2 million compute off-take lease with a leading frontier AI research laboratory, representing $16.1 million in annual contracted revenue. A second cluster, ALPHA-02, comprising 576 NVIDIA B300 GPUs, is planned for deployment in a hydroelectric-powered Swedish data center and is targeted for commercial launch in the third quarter of calendar year 2026.