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Alpha Compute to buy $5.5M Pennsylvania energy site

Alpha Compute is buying producing oil and gas assets in Pennsylvania for $5.5 million to anchor a planned data center powered by local energy resources.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Alpha Compute Corp (ALP) reported that it has executed definitive real estate and asset purchase agreements in Pennsylvania to acquire over 300 acres of surface, mineral and gas rights, including more than 75 oil and gas wells, for a purchase price of US$5.5 million. The company intends to develop a data center on the site, leveraging existing energy infrastructure from the operating oil and gas business. Historical documentation cited by Alpha Compute estimates an average of 10,000 barrels per acre of light Pennsylvania sweet crude oil, with preliminary evaluations indicating only about 4% of the surface oil has been extracted to date, and management states that current operations are generating revenue and operational profit. Alpha Compute highlights plans to comply with local ordinances, regional grid standards and Pennsylvania DEP regulations, and references development, permitting, financing and resource risks through detailed forward‑looking statements.

Positive

  • US$5.5 million acquisition of producing energy assets in Pennsylvania secures over 300 acres with more than 75 wells and associated infrastructure to support a planned data center.
  • Management states existing oil and gas operations are revenue-generating and operationally profitable, with preliminary estimates suggesting only about 4% of surface oil has been extracted, indicating remaining resource potential.

Negative

  • The company outlines numerous execution and permitting risks, including potential failure to complete the acquisition, confirm mineral title and resources, obtain environmental and plugging approvals, and secure additional financing for the planned facility.
  • Development of the planned initial 200 MW facility is subject to uncertainties around gas availability, projected power costs, partner arrangements and broader market and economic conditions.

Filing Explained

The filing incorporates its acquisition disclosure into Alpha Compute’s existing Form S-8 and Form F-3 registration statements; it records signed agreements, while completion remains a forward-looking matter rather than a reported closing.

Purchase price US$5.5 million Consideration for the Pennsylvania real estate and asset acquisition
Acreage acquired Over 300 acres Surface, mineral and gas rights in Pennsylvania
Existing wells Over 75 wells Oil and gas wells included in the acquisition
Estimated crude oil per acre 10,000 barrels per acre Historical assessment of light Pennsylvania sweet crude oil across subsurface parcels
Extracted surface oil 4% Preliminary evaluations indicating estimated percentage of surface oil extracted to date
Planned initial facility size 200 MW Planned initial data center facility referenced in forward-looking statements
Utica and Marcellus shale formations technical
"encompassing both the Utica and Marcellus shale formations"
Pennsylvania Department of Environmental Protection (DEP) regulatory
"adhering strictly to Pennsylvania DEP regulations"
GPU-as-a-service (GPUaaS) technical
"specializing in GPU-as-a-service (GPUaaS)"
GPU-as-a-service (GPUaaS) is a cloud offering that lets businesses rent high-performance graphics processors on demand instead of buying the expensive hardware outright, like hiring a powerful engine only when you need it. For investors, GPUaaS matters because it can lower companies’ up-front costs, speed product development for AI and data-heavy applications, create predictable subscription revenue for providers, and influence competitiveness in technology-driven markets.
AI Confidential Compute technical
"pioneer in AI Confidential Compute and GPU-as-a-service"
AI confidential compute is a technology that lets artificial intelligence models process sensitive data inside a protected area of a computer so the raw data and the model remain hidden even from the system operator. For investors it matters because it reduces legal and reputational risk around data privacy, enables companies to use valuable proprietary or regulated datasets without sharing them, and can create a competitive edge and new revenue streams for secure AI services.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

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

What transaction did Alpha Compute Corp (ALP) announce in this 6-K?

Alpha Compute announced it executed definitive real estate and asset purchase agreements in Pennsylvania to acquire over 300 acres of surface, mineral and gas rights and more than 75 oil and gas wells for a purchase price of US$5.5 million.

How does Alpha Compute Corp (ALP) plan to use the Pennsylvania site?

Alpha Compute states it intends to develop a data center on the Pennsylvania site, leveraging local energy resources and existing infrastructure while replicating the design and community-first standards planned for its Northern Pennsylvania facility.

What resource potential does the Alpha Compute (ALP) acquisition target?

Historical documentation cited by Alpha Compute from a Haliburton assessment estimates an average of 10,000 barrels per acre of light Pennsylvania sweet crude oil, with preliminary evaluations suggesting only about 4% of the surface oil has been extracted so far.

Are the acquired Pennsylvania oil and gas operations currently profitable for ALP?

Alpha Compute states that the existing oil and gas operations at the Pennsylvania site are generating revenue and operational profit, and management describes the site as financially self-sustaining based on preliminary evaluations.

What regulatory and environmental standards will Alpha Compute (ALP) follow at the new site?

Alpha Compute indicates development will comply with local county ordinances, regional grid policies and Pennsylvania DEP regulations, including operator registration, bonding requirements, environmental compliance and responsible well management.

What key risks does Alpha Compute Corp (ALP) highlight for this project?

Alpha Compute lists risks including failure to complete the acquisition, confirmation of mineral title and recoverable resources, permitting and environmental risks, well-plugging obligations, reliance on third-party partners, and the need to secure additional financing for the planned data center.

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

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-40086

Alpha Compute Corp
(Translation of registrant's name into English)

Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands, VG1110
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

 


INCORPORATION BY REFERENCE

This report on Form 6-K (including any exhibits attached hereto) shall be deemed to be incorporated by reference into the registration statements on Form S-8 (File Nos. 333-275842 and 333-289199) and Form F-3 (File Nos. 333-286961, 333-290827, 333-291341 and 333-291921) of Alpha Compute Corp (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. 

 

 

On September 22, 2026, Alpha Compute Corp. (the "Company") issued a press release announcing that it has executed definitive real estate and asset purchase agreements to acquire over 300 acres of surface, mineral and gas rights in Pennsylvania, encompassing the Utica and Marcellus shale formations, together with over 75 existing oil and gas wells, well pump jack inventories, operational maintenance facilities, heavy equipment and associated gathering infrastructure, for a purchase price of US$5.5 million. The Company intends to develop a data center on the site. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.


SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 22, 2026
 
Alpha Compute Corp  
 
By: /s/ Brittany Kaiser                           
      Brittany Kaiser
      Chief Executive Officer
      
 
 
 

EXHIBIT 99.1

Alpha Compute Signs Binding Contract to Acquire Assets of Operating Oil and Gas Business in Pennsylvania

Pittsburgh, PA, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a vertically integrated technology pioneer in AI Confidential Compute and GPU-as-a-service (GPUaaS), today announced Alpha Compute Corp. has executed definitive real estate and asset purchase agreements in Pennsylvania.

Strategic Resource Acquisition The transaction secures over 300 acres of surface, mineral and gas rights, encompassing both the Utica and Marcellus shale formations. Historical documentation from an assessment by Haliburton estimates an average of 10,000 barrels per acre of light Pennsylvania sweet crude oil across subsurface parcels. Alpha Compute is actively conducting updated geological assessments, modern appraisals, and confirmed site reviews to precisely map reserve potential. The acquisition includes over 75 existing oil and gas wells, complete well pump jack inventories, operational maintenance facilities, heavy equipment, and associated gathering infrastructure.

"Securing these land and energy rights in Pennsylvania provides a highly resilient foundation for our next-generation compute infrastructure," said Brittany Kaiser, CEO of Alpha Compute Corp. "We are designing this facility with the local community at the forefront of our plans. By honoring local county ordinances, adhering strictly to Pennsylvania DEP regulations, and partnering with regional grid authorities, we are ensuring that our growth creates long-term value, environmental stewardship, and clean economic development for the state." 

Facility Design and Environmental Compliance
The planned data center will replicate the proven design, architectural framework, and community-first standards planned for Alpha Compute’s Northern Pennsylvania site. Development will comply fully with:

  • Local county ordinances and land-use regulations
  • Regional GRID policies and interconnection standards
  • Pennsylvania Department of Environmental Protection (DEP) regulations, including applicable operator registration and bonding requirements

"Our strategy in Pennsylvania combines local energy resources with strict environmental compliance and active community participation, providing a sustainable model for technological growth. Given the USD $5.5 million acquisition price, we anticipate a substantial revaluation of the assets. Furthermore, the existing oil and gas operations are generating revenue and operational profit, with preliminary evaluations indicating that an estimated 4% of the surface oil has been extracted to date. Consequently, the site remains both profitable and financially self-sustaining," stated Enzo Villani, Executive Chairman and President of Alpha Compute Corp.

Community Partnership and Economic Impact Alpha Compute plans to form binding covenants with local and county governments to guarantee long-term alignment with municipal development goals. The project will serve as a major regional economic engine:

  • Job Creation: Projected creation of skilled permanent and construction positions;
  • Infrastructure Investment: Modernization of site utilities and sustainable integration with local energy grid capacity;
  • Environmental Stewardship: Post-closing environmental compliance, plugging assurances, and responsible well management under DEP oversight.

About Alpha Compute Corp. 
Alpha Compute Corp. (Nasdaq: ALP) is a vertically integrated AI infrastructure company specializing in GPU-as-a-service and AI Confidential Compute. Alpha Compute’s mission is to support clients, subsidiaries, and partners across critical sectors including: finance, defense, intelligence, and media with the essential framework for any organization requiring secure, confidential computing environments. For more information, please visit: https://www.alphacompute.ai/ 

Alpha Compute Corp is domiciled in the British Virgin Islands with offices in New York, Los Angeles, Miami, Amsterdam and Toronto. Alpha Compute is a founding partner of the Right2Compute Coalition; more information is available at 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," "plans," "may," "will," "potential," "continues," or similar expressions are forward-looking statements. 

Forward-looking statements in this release include, without limitation: successful completion of the acquisition and the development and financing of the planned data center; title, acreage and net revenue interest; financing and partner arrangements; gas availability, projected power costs, well and generation plans; development, permitting, construction and commercial operation of the planned initial 200 MW facility and potential economic, environmental and community impacts. 

These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including: failure to complete the acquisition; confirmation of mineral title, recoverable resources and energy supply; permitting, environmental and well-plugging risks; the timing and progress of the Company's strategic initiatives; reliance on third-party vendors and partners; the ability to secure additional financing; uncertainty around the Company's investments and legacy business; risks related to technology platforms and ecosystems; and general market and economic 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. 

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. 

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

ir(at)alphacompute.ai

Filing Exhibits & Attachments

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