Alpha Compute Corp. reports news about its AI GPU-as-a-service infrastructure, confidential-compute platform, NVIDIA GPU deployments, and financing arrangements tied to GPU hardware assets. Company updates also cover its completed rebrand from AlphaTON Capital Corp. to Alpha Compute Corp., the ALP Nasdaq ticker, advisory and governance developments, and infrastructure relationships supporting secure AI workloads.
Alpha Compute (ALP) joined the Confidential Computing Consortium as a Premier member, effective October 1, 2026, securing two voting seats. The seats cover the Governing Board, which sets strategy, policy and governance, and the Technical Advisory Council, which guides technical direction and open-source projects. CEO Brittany Kaiser will represent the company on the board. Alpha Compute also joined the consortium’s Marketing Working Group and the Linux Foundation as a Silver member.
Lead AI Researcher Allen Roush is scheduled to join NVIDIA, ElevenLabs and Technology Innovation Institute representatives on a Fortanix-moderated confidential AI panel at NVIDIA GTC Berlin on October 22, 2026.
Alpha Compute (Nasdaq: ALP) signed a binding four-year GPU compute contract worth $81.7 million with a venture-backed AI compute marketplace. Signed October 9, 2026, the agreement covers the Missouri ALPHA-03 cluster, comprising 576 NVIDIA B300 GPUs plus 16 hot spares. The initial 48-month term starts at delivery, targeted for early Q1 2027, with fees payable whether or not the customer uses the capacity.
Annual recurring revenue is $20,183,040, and advance payments are listed at $21,183,040. Payment terms specify 20% due at signing and 5% on delivery; the customer has paid a $1.0 million booking deposit. A signed data center agreement provides 1.3 megawatts of liquid-cooled capacity. Funding is planned through customer advances and asset-level, non-recourse GPU financing. ALPHA-03 is the company's first contracted GPU cluster in the United States.
Alpha Compute (ALP) announced that majority-owned subsidiary GAMEE generated estimated third-quarter revenue of $1.71 million, marking four consecutive quarters of growth. Revenue rose 94% year over year from $879,000 in Q3 2025 and 63% sequentially from $1.048 million in Q2 2026. GAMEE reached break-even on recurring Web2 revenue and achieved monthly profitability in August.
Q3 activity included approximately 118 million gameplays and 7.01 million users interacting with its games. GAMEE is establishing an AI-powered consumer application business, with shared infrastructure development underway and initial launches expected in Q4 2026. GAMEE plans to use these launches to validate consumer demand and refine development. Its longer-term ambition is a “Neo Publisher” model that would support external developers and selectively co-publish applications for a revenue share.
Alpha Compute (ALP) signed a $71.9 million compute agreement on September 30, 2026, for its ALPHA-02 cluster in Sweden. The binding agreement with an AI platform was secured ahead of the cluster's full deployment. Alpha Compute expects the Master Services Agreement to add $24 million in new annual contracted revenue, bringing projected annual revenue to $47 million.
The cluster uses NVIDIA B300 graphics processing units for AI training and inference workloads and is located in a data center powered entirely by hydropower.
Alpha Compute (ALP) updated due diligence on its $5.5 million Alpha Energy 02 oil and gas transaction. The site covers more than 300 acres and includes over 75 active oil and shallow gas wells and one uncompleted gas test well. Existing wells are cash-flow positive. An estimated 2.9 million barrels of oil remain in place, but estimated recoverable oil is 145,000 to 435,000 barrels.
Alpha Compute estimates 50 to 70 billion cubic feet of recoverable gas across the site and $40 million to $100 million in illustrative gross lifetime revenue from the test well if its gas were sold. Completing that well is expected to cost $10 million to $12 million; planned oil-well workovers cost approximately $3.5 million. The company plans a data center for Q1 2028 and estimates initial gas production could support 100 to 200 MW of generation. The resource estimates are not SEC-classified reserves or independently engineered; development depends on permitting and financing.
Alpha Compute (ALP) updated due diligence on a $5.5 million Pennsylvania oil and gas acquisition spanning more than 300 acres.
The assets include more than 75 producing oil and shallow gas wells and an estimated 2.9 million barrels of remaining oil in place. Preliminary estimates put recoverable oil at 145,000–435,000 barrels and recoverable gas across the acreage at 50–70 billion cubic feet. The company estimates roughly $13 million–$39.1 million in gross oil revenue and approximately $40 million–$100 million in gross lifetime gas revenue if the gas is sold.
Alpha Compute instead plans to use gas for on-site power serving a data center planned for Q1 2028. It projects approximately $3.5 million in oil-field workover spending and $10 million–$12 million to complete each gas well. The estimates are illustrative and have not been reviewed by an independent petroleum engineer; reserve engineering, permitting and financing remain outstanding.
Alpha Compute (ALP) announced on September 25, 2026, that it had regained compliance with Nasdaq's minimum bid price rule.
Nasdaq's Listing Qualifications Staff notified the company on March 2, 2026, that its ordinary shares had failed to maintain a closing bid price of at least $1.00 per share over the preceding 30 consecutive business days. The staff determined that the shares closed at or above $1.00 for 11 consecutive business days, from September 9 through September 23, 2026. The bid-price compliance matter is closed.
Alpha Compute (ALP) signed binding real estate and asset purchase agreements to acquire an operating oil and gas business in Pennsylvania for USD $5.5 million.
The deal covers over 300 acres of surface, mineral and gas rights across the Utica and Marcellus shale formations and includes more than 75 existing wells, pump jack inventories, maintenance facilities, heavy equipment and gathering infrastructure. Historical third-party assessment estimates an average of 10,000 barrels per acre of light Pennsylvania sweet crude oil, while updated geological and appraisal work is under way. Management reports that current oil and gas operations generate revenue and operational profit, with about 4% of surface oil extracted to date, leaving the site financially self-sustaining. Alpha Compute plans to build a data center on the site, designed around local community priorities, environmental compliance and grid-integration standards.
Alpha Compute (ALP) amended its August 11 binding term sheet to secure $47 million in seller financing for a planned Pennsylvania data center campus.
The $55,000,000 base purchase price is unchanged, but cash due at closing drops to $8,000,000, including a $3,000,000 deposit and $5,000,000 of additional cash. Sellers will finance $47,000,000 via a five‑year, 6.00% fixed‑rate, interest‑only note that is prepayable at any time with no fees or penalties. The note is non‑recourse to Alpha Compute, secured only by the acquired surface and mineral interests, and excludes data center, power and compute assets from the collateral package. Following gas production start, quarterly principal equal to 50% of Alpha’s share of natural gas proceeds will amortize the note. The greenfield Alpha Energy 01 project contemplates 200 MW of initial capacity, potential expansion to 1 GW, and remains subject to extensive due diligence, permitting, county approvals and financing.
Alpha Compute (ALP) issued a market update highlighting rapid revenue acceleration, over $1.57 million in monthly recurring cash flows, and a $1.5 billion sales pipeline.
The company reports July 2026 cash receipts of $1.57 million from GAMEE and the Alpha-01 NVIDIA Cluster, representing about a 3,500% increase versus April 2026 revenue. It recently secured a $6.5 million deposit that is not included in current recurring cash flow figures and states there are no undisclosed material issues.
Over the past 60 days, Alpha Compute executed a binding term sheet for a planned 200 MW data center campus in Pennsylvania, completed the wind-down of its legacy digital asset treasury, and strengthened its executive team and board. It also launched new AI and GPU-marketplace products and expanded strategic relationships with NVIDIA, Supermicro, Dell, Computacenter, Micron, Weka, and DDN.