Alpha Compute Corp. Signs Agreement with AI Platform to deliver Compute via its ALPHA-02 Cluster in Sweden, with a total value of $71.9 Million

Alpha Compute has signed two major contracts over the past two quarters.

Rhea-AI Summary

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.

2 points · 1 major

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointBinding ALPHA-02 compute agreement with an AI platform has a total value of $71.9 million. 11× market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Alpha Compute expects $24 million in new annual contracted revenue, bringing projected annual revenue to $47 million.

Negative

• None.

Argus 15 min delay 13 alerts

+2.94% vs previous close $4.52 last price 78.7x rel. volume Open Argus

Details

Market Reaction – ALP

+14.3% Peak Tracked

-14.0% Trough Tracked

$4.04 – $5.44 Day Range

$7.00M Market Cap

On Oct 6, the day this news came out, the latest delayed price for ALP is 2.94% above the previous close. Argus tracked a peak move of +14.3% during the session. Argus tracked a trough of -14.0% from its starting point during tracking. Our momentum scanner has recorded 13 alerts for this stock so far that day. The latest delayed price is $4.52. Relative volume is exceptionally heavy at 78.7x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Total contract value: $71.9 million New annual contracted revenue: $24 million Projected annual revenue: $47 million

Total contract value

$71.9 million

Agreement for ALPHA-02 compute capacity

New annual contracted revenue

$24 million

From the Master Services Agreement

Projected annual revenue

$47 million

Company projection following the agreement

Previous AI Reports

2 past events · Latest: May 12

Same Type 2 events

1. May 12

   Compute lease

   24h Move

   +15.5%

   Compute lease secured $16.1 million annual recurring revenue and 504 B200 GPUs for Canada deployment.

2. Apr 27

   Cluster deployment update

   24h Move

   +5.1%

   Roadmap detailed 576-chip B300 cluster in Sweden with $72 million projected combined annual revenue.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

offtake agreement, gpu, inference

3 terms

offtake agreement financial

"Securing this binding offtake agreement ahead of the cluster's full deployment"

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

gpu technical

"delivering a state-of-the-art high density NVIDIA B300 GPU deployment"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

inference technical

"high-density AI training and inference workloads"

Inference is the process of drawing a conclusion from available evidence or data, like a detective piecing together clues to form a likely story. For investors it matters because these judgments turn raw reports, test results, or market signals into expectations about future performance, risk, or regulatory outcomes—so how someone infers from the same facts can change investment decisions and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The Master Services Agreement is expected to add $24 million in new annual contracted revenue bringing the Company’s projected annual revenue to $47 million.

DOVER, Delaware, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a vertically integrated leader in Sovereign Super Intelligence, today announced the signing of a binding contract on September 30, 2026 for its ALPHA-02 cluster, delivering a state-of-the-art high density NVIDIA B300 GPU deployment located in a 100% hydropowered data center in Sweden.

The ALPHA-02 cluster delivers next-generation NVIDIA B300 compute capacity, purpose-built to accelerate high-density AI training and inference workloads. Securing this binding offtake agreement ahead of the cluster's full deployment secures long-term utilization and highlights the sustained, escalating enterprise demand for sovereign, high-performance computing.

"Signing this agreement reflects our commitment to working closely with our clients to deliver tailored high-performance compute solutions that meet every technical and operational requirement," said Yury Mitin, Chief Business Development Officer at Alpha Compute.

"Signing two major contracts over the past two quarters highlights the tremendous dedication and operational excellence of our team and key partners," said Brittany Kaiser, Chief Executive Officer. "By combining seamless delivery with deep technical capabilities, we ensure our clients receive the enterprise-grade performance and reliability required for their most demanding AI workloads."

About Alpha Compute Corp.
Alpha Compute Corp. (Nasdaq: ALP) is a vertically integrated technology company delivering High Performance Computing (HPC) and AI Confidential Compute. Alpha Compute’s mission is to empower clients, subsidiaries, and partners across critical sectors, including finance, defense, intelligence, and media with the essential framework required for secure, confidential computing environments. Alpha Compute operates globally with offices in New York, Los Angeles, Miami, Amsterdam, and Toronto. Alpha Compute is a proud founding partner of the Right2Compute Coalition. 

For more information, please visit www.alphacompute.ai or www.right2compute.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact including those preceded by, followed by, or incorporating words such as "believes," "expects," "anticipates," "intends," "estimates," "projects," "plans," "may," "will," "potential," "continues," or similar expressions are forward-looking statements. Forward-looking statements in this release include, without limitation, statements regarding the expected revenue, financial projections, and economic impact of the ALPHA-02 offtake agreement; the anticipated timeline, performance, and capabilities of the ALPHA-02 and ALPHA-01 clusters; expected enterprise demand for high-density AI compute capacity; and Alpha Compute’s broader expansion and operational strategy across North America and Europe.

These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Risks include, but are not limited to: supply chain disruptions affecting hardware delivery and deployment; changes in enterprise demand for AI computing; delays in infrastructure buildouts; regulatory developments regarding AI and data sovereignty; and general economic conditions. Alpha Compute expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

Investor & Media Contact
Alpha Compute Corp.
ir@alphacompute.ai
www.alphacompute.ai

ir@alphacompute.ai

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of Alpha Compute's ALPHA-02 agreement?

The binding agreement has a total value of $71.9 million. Signed on September 30, 2026, it covers compute delivery to an AI platform through Alpha Compute's ALPHA-02 cluster in Sweden.

How much annual revenue does Alpha Compute expect from the ALPHA-02 agreement?

Alpha Compute expects the Master Services Agreement to add $24 million in new annual contracted revenue, bringing its projected annual revenue to $47 million. These figures are expectations, not reported realized revenue.