Alpha Compute Signs $81.7M Four-Year GPU Contract for Missouri Cluster
ALP sits 16% above its 52-week low of $3.204 on light trading volume (0.2× avg).
Summary
Alpha Compute signed a binding four-year, $81.7M contract for its ALPHA-03 cluster in Missouri, covering all 592 liquid-cooled NVIDIA B300 GPUs. The customer, a venture-backed AI compute marketplace valued at over $1B, prepaid 25% ($20.2M) with $1M already deposited. This is the company's first US cluster contract and its largest to date, following the $71.9M ALPHA-02 deal in Sweden announced October 6. The prepayment equals a full year of fees, reducing financing risk. Delivery is targeted for early Q1 2027.
At the time of this announcement, ALP was trading at $3.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.2M. The 52-week trading range was $3.20 to $389.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.