Alpha Compute Signs Binding GPU Contract, Leasing ALPHA-03 cluster under Four-Year, $81.7 Million Agreement in its Missouri Superintelligence Factory

The customer must pay fees throughout the initial 48-month term even if it does not use the contracted capacity.

Rhea-AI Summary

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.

6 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

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

Positive

• Major point$81.7 million binding contract secures an initial four-year customer commitment for ALPHA-03. 13× market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.$20,183,040 annual recurring revenue accompanies fees payable regardless of capacity usage.
• Minor point. Forward-looking: it has not happened yet and may not happen.$21,183,040 in advance payments are specified, with 20% due at signing and 5% on delivery.
• Minor point$1.0 million booking deposit has already been paid by the customer.
• Minor point1.3 megawatts of liquid-cooled capacity are covered by a signed Missouri data center agreement.
• Minor point. Forward-looking: it has not happened yet and may not happen.First contracted U.S. GPU cluster expands Alpha Compute's contracted footprint beyond Canada and Sweden.

Negative

• Moderate pointOne customer commits to the entire ALPHA-03 cluster for the initial 48-month term.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Funding plan depends on customer advance payments and asset-level, non-recourse GPU financing.

News Explained

The release gives two figures for the same customer advance: $20.2 million in its headline and contract text, versus $21,183,040 in the transaction highlights; both are labeled 25% of the contract value.

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Details

Market Reaction – ALP

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$3.59 – $4.80 Day Range

$6.37M Market Cap

On Oct 14, the day this news came out, the latest delayed price for ALP is 2.24% above the previous close. Argus tracked a peak move of +7.4% during the session. Argus tracked a trough of -19.7% from its starting point during tracking. Our momentum scanner has recorded 16 alerts for this stock so far that day. The latest delayed price is $4.11. Relative volume is exceptionally heavy at 185.3x the average.

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Key Figures

Total contract value: $81,732,160 Annual recurring revenue: $20,183,040 Advance payments: $21,183,040, or 25% of TCV +4 more

Total contract value

$81,732,160

Binding four-year AI compute agreement

Annual recurring revenue

$20,183,040

Under the agreement

Advance payments

$21,183,040, or 25% of TCV

Transaction highlights state this amount; sentence 9 separately reports $20.2 million

Initial contract term

48 months

Fees are payable whether or not the customer uses the capacity

GPUs covered

592 GPUs

576 covered GPUs plus 16 hot spares

Data center capacity

1.3 megawatts

Liquid-cooled capacity in Missouri under a signed agreement

Targeted delivery

Early Q1 2027

ALPHA-03 cluster

Historical Context

1 past event · Latest: Oct 06

1 event

1. Oct 06

   Contract award

   24h Move

   -9.4%

   Signed binding $71.9 million B300 compute contract for ALPHA-02 in Sweden.

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

Key Terms

gpu, non-recourse

2 terms

gpu technical

"all 592 liquid-cooled NVIDIA B300 GPUs"

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.

non-recourse financial

"asset-level, non-recourse GPU financing"

A non-recourse loan is a type of debt where the lender’s recovery is limited to a specific asset pledged as collateral, and the borrower cannot be personally pursued for any remaining balance if the asset’s value falls short. For investors, non-recourse financing shifts downside risk onto the lender and protects a borrower’s other assets, which can affect a company’s risk profile, borrowing costs, and potential returns — much like insurance that covers only the item left as collateral.

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

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Billion-dollar AI compute marketplace takes ALPHA-03 cluster’s 592 liquid-cooled NVIDIA B300 GPUs, prepaying 25%, $20.2 million

New York, NY, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a pioneering technology leader in Sovereign Superintelligence, today announced that it has signed a binding contract with a billion-dollar AI compute marketplace for a four-year, $81.7 million AI compute agreement. The agreement covers all 592 liquid-cooled NVIDIA B300 GPUs of the Company’s ALPHA-03 cluster in Missouri, USA with delivery targeted by early Q1 2027. The customer has paid a $1.0 million data center booking deposit.

The customer is a venture-backed AI compute marketplace. According to the client, it was valued at more than $1 billion in a recent funding round and serves more than 100 AI customers. 

Under the contract, the customer has committed to the cluster for an initial term of 48 months, with fees payable whether or not it uses the capacity. The agreement is worth approximately $20.2 million a year in recurring revenue. The customer has agreed to pay 25% of the contract value, or $20.2 million, in advance, with 20%, or $16.1 million, due at signing and 5% due on delivery. 

ALPHA-03 will run in Missouri, USA under an agreement the Company has signed for 1.3 megawatts of liquid-cooled data center capacity. The cluster adds 16 hot-spare GPUs to the 576 covered by the agreement. ALPHA-03 is the Company's first contracted GPU cluster in the United States, following ALPHA-01 in Canada and ALPHA-02 in Sweden. 

"A venture-backed AI compute marketplace has signed a binding four-year contract for all of ALPHA-03 and paid a deposit," said Brittany Kaiser, Chief Executive Officer of Alpha Compute. "ALPHA-03 will be the largest contract so far, as we grow this business globally." 

"ALPHA-03 will dedicate 592 liquid-cooled B300 GPUs to one customer for four years," said Yury Mitin, Chief Business Development Officer of Alpha Compute. "The 25% advance will equal a full year of fees," he added.

TRANSACTION HIGHLIGHTS 

- Agreement: Binding contract signed October 9, 2026 
- Customer: A venture-backed AI compute marketplace valued at more than $1 billion
- Initial term: 48 months from delivery date  
- Total Contract Value (TCV): $81,732,160 
- Annual recurring revenue: $20,183,040 
- Advance payments: $21,183,040, or 25% of TCV 
- GPUs: 576 NVIDIA B300 GPUs, liquid-cooled, plus 16 hot spares, totalling 592 GPUs
- Data center: Missouri, USA, 1.3 MW of liquid-cooled capacity under a signed agreement
- Delivery: Early Q1 2027 
- Funding: Customer advance payments and asset-level, non-recourse GPU financing 

About Alpha Compute Corp. 

Alpha Compute Corp. (Nasdaq: ALP) is a vertically integrated technology company delivering Sovereign Superintelligence. 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 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 signing and terms of the definitive Master Services Agreement; receipt of the advance payments; the targeted delivery and start of service of the ALPHA-03 cluster; revenue expected under the definitive agreement; the cost and financing of the ALPHA-03 build; and the Company's broader expansion and operating strategy. 

These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, including: the risk that the definitive agreement is not signed, or is signed on different terms; delays in hardware supply, liquid-cooling equipment, installation, network commissioning, or acceptance testing; the customer's termination and other rights; the Company's reliance on a single customer for the ALPHA-03 cluster and that customer's ability to pay; the availability and terms of financing, including any issuance of equity; reliance on third-party suppliers and data center operators; changes in demand for AI computing; regulatory developments; and general economic and market conditions. A more complete discussion of these risks is set forth under "Item 3 - Key Information - Risk Factors" in the Company's Annual Report on Form 20-F for the year ended March 31, 2026, as amended, and in its subsequent reports on Form 6-K furnished to the U.S. Securities and Exchange Commission. 

Undue reliance should not be placed on these forward-looking statements. The forward-looking statements contained herein are made as of the date of this press release, and the Company undertakes no obligation to update or revise them publicly, except as required by law. 

All trademarks are the property of their respective owners. 

Investor & Media Contact 

Alpha Compute Corp
ir@alphacompute.ai
www.alphacompute.ai 

ir(at)alphacompute.ai

FAQ

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

How much is Alpha Compute's ALPHA-03 GPU contract worth?

The binding four-year ALPHA-03 agreement is worth $81.7 million. It carries annual recurring revenue of $20,183,040, with fees payable whether or not the customer uses the contracted capacity.

When will Alpha Compute deliver ALPHA-03, and when does the contract start?

Alpha Compute targets ALPHA-03 delivery for early Q1 2027, and the initial 48-month contract term begins on delivery. The Missouri cluster comprises 576 liquid-cooled NVIDIA B300 GPUs plus 16 hot spares.