Alpha Compute Signs $71.9M AI Compute Deal, Adding $24M Annual Revenue
ALP sits 41% above its 52-week low of $3.204 on light trading volume (0.2× avg).
Summary
Alpha Compute signed a binding contract on September 30, 2026 for its ALPHA-02 cluster in Sweden, valued at $71.9 million. The deal is expected to add $24 million in new annual contracted revenue, bringing projected annual revenue to $47 million. This is the second major contract in two quarters, following the company's pivot to AI infrastructure. The agreement secures long-term utilization of the NVIDIA B300 GPU deployment ahead of full cluster deployment. The company recently completed a 1-for-50 reverse split and faces a going concern warning, making this revenue commitment a significant positive development.
Updates
· SEC 6-K — The agreement is a binding offtake with an AI Platform for the hydropowered ALPHA-02 cluster, purpose-built for AI training and inference.
- Contract Details — The contract is a binding Master Services Agreement with an AI Platform, structured as a binding offtake agreement.
- Cluster Infrastructure — The ALPHA-02 cluster is located in a 100% hydropowered data center, and the NVIDIA B300 GPU deployment is purpose-built to accelerate high-density AI training and inference workloads.
All 5 details
- Counterparty is an "AI Platform".
- The contract is a Master Services Agreement.
- The ALPHA-02 cluster is located in a 100% hydropowered data center.
- NVIDIA B300 GPU deployment is purpose-built to accelerate high-density AI training and inference workloads.
- The agreement is a binding offtake agreement.
At the time of this announcement, ALP was trading at $4.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.8M. The 52-week trading range was $3.20 to $690.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.