Alpha Compute Reports $79.2M Assets, $23M Projected Revenue; GAMEE Acquisition Complete, GPU Cluster Live
ALP sits 44% above its 52-week low of $0.176 on light trading volume (0.1× avg).
Summary
Alpha Compute Corp. announced a comprehensive business update, reporting $79.2 million in assets and projecting $23 million in annual revenue. This revenue is largely driven by the ALPHA-01 GPU cluster in Canada, now live with 504 NVIDIA B200s and generating revenue from a $32.2 million two-year contract. The previously announced GAMEE acquisition, which adds 120 million users, is now complete, as confirmed by multiple recent SEC filings and news. The company also launched a national 'Own Your Data' media campaign on CNBC, Fox Business News, and Newsmax.
At the time of this announcement, ALP was trading at $0.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.9M. The 52-week trading range was $0.18 to $13.80. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.