Alpha Compute (Nasdaq: ALP) secures $32.2M, 2-year AI GPU deal

Rhea-AI Filing Summary

Alpha Compute Corp has closed a two-year compute off-take agreement with a leading frontier AI research lab, with a total contract value of $32.2 million. The deal, covering a dedicated cluster of 504 NVIDIA B200 GPUs in a Canadian data center powered by 100% hydroelectric energy, is expected to generate $16.1 million in Annual Recurring Revenue and includes an anticipated $7.5 million upfront payment to reserve capacity. Executives describe this as the Company’s first enterprise-scale B200 deployment and a critical step in its commercial strategy for AI GPU-as-a-service and confidential compute.

Key Figures

Total Contract Value: $32.2 million Annual Recurring Revenue: $16.1 million Upfront Payment: $7.5 million +3 more

6 metrics

Total Contract Value $32.2 million Two-year compute off-take agreement

Annual Recurring Revenue $16.1 million ARR from the contract term

Upfront Payment $7.5 million Expected payment to reserve capacity for two years

GPU Cluster Size 504 GPUs Dedicated NVIDIA B200 deployment for AI lab tenant

Agreement Term Two years Duration of compute off-take agreement

Power Source 100% hydroelectric Energy used by Canadian data center hosting GPUs

Key Terms

compute off-take agreement, Annual Recurring Revenue (ARR), GPU-as-a-service (GPUaaS), confidential computing, +1 more

5 terms

compute off-take agreement financial

"announcing the execution of a compute off-take agreement related to a cluster of 504 NVIDIA B200 GPUs"

Annual Recurring Revenue (ARR) financial

"delivers $16.1 million in Annual Recurring Revenue (ARR) to Alpha Compute"

Annual Recurring Revenue (ARR) is the predictable amount of money a company expects to earn in a year from its ongoing services or subscriptions. It helps businesses understand their steady income stream, much like knowing how much rent they can count on each year, which is important for planning and growth.

GPU-as-a-service (GPUaaS) technical

"a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute"

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.

confidential computing technical

"at the intersection of confidential computing, artificial intelligence, and decentralized AI"

Confidential computing is a technology that keeps data secure while it is being processed or analyzed, even from the systems that run the calculations. Think of it like a locked box where sensitive information is kept safe inside, no matter what happens during the work. This helps protect private data from unauthorized access, making it especially important for businesses and investors concerned about data privacy and security.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of applicable securities laws"

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.

Form 6-K: How Foreign Companies Report to the SEC →

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 May 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 May 12, 2026, Alpha Compute Corp (the “Company”) issued a press release announcing the execution of a compute off-take agreement related to a cluster of 504 NVIDIA B200 GPUs. A copy of the press release is attached hereto as Exhibit 99.1.

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: May 13, 2026

Alpha Compute Corp  

By: /s/ Brittany Kaiser                           

      Brittany Kaiser

      Chief Executive Officer

EXHIBIT 99.1

Alpha Compute Closes $32.2 Million Revenue Contract with AI Lab Customer

Leading AI Research Lab signs two-year compute off-take agreement for the ALPHA-01 Enterprise-Scale NVIDIA B200 Deployment of 504 GPUs in Canadian Data Center

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, May 12, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (“Alpha Compute” or the “Company”), a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute, today announced it has closed a definitive lease agreement with a leading frontier artificial intelligence laboratory for the Company’s inaugural enterprise-scale NVIDIA B200 GPU deployment located in its Canadian data center.  

The two-year agreement has a total contract value of $32.2 million and delivers $16.1 million in Annual Recurring Revenue (ARR) to Alpha Compute, with an expected upfront payment of $7.5 million securing the reservation of compute capacity for two years. 

The agreement covers a dedicated cluster of 504 NVIDIA B200 GPUs — one of the most advanced GPU architectures available for large-scale AI training and inference workloads — providing the unnamed frontier AI laboratory with exclusive, high-performance compute access to accelerate its next-generation model development. The identity of the tenant, a recognized leader in frontier AI research, has not been disclosed for privacy. Alpha Compute expects to provide further details regarding the partnership as contractually permitted. 

"This contract is a defining moment for Alpha Compute, confirming our belief that there is a massive global appetite for sovereign, specialized AI infrastructure," stated Alpha Compute CEO Brittany Kaiser. "Finalizing a $32.2 million deal with a leading AI research firm is a testament to our technical excellence, our robust Canadian data center presence, and the trust our clients have in our enterprise-grade delivery. We are establishing the foundation for the future AI economy, and this partnership is a clear signal of our success." 

Yury Mitin, Chief Business Development Officer commented, “The 504-GPU B200 deployment represents Alpha Compute’s first enterprise-scale customer agreement and marks a critical inflection point in the Company’s commercial strategy. The NVIDIA B200 GPU delivers unprecedented performance for AI and HPC workloads, making it the preferred architecture for frontier model training at scale.” 

With $16.1 million in annual revenue now secured under contract, Alpha Compute is actively expanding its sales pipeline of enterprise compute agreements with AI laboratories, sovereign entities, and enterprise customers seeking dedicated, high-performance GPU infrastructure outside of traditional hyperscaler environments. 

TRANSACTION HIGHLIGHTS
Total Contract Value:  $32,200,000
Annual Recurring Revenue:  $16,100,000
Upfront Payment:  $7,500,000
GPU Deployment:  504 × NVIDIA B200 Tensor Core GPUs
Data Center Location:  Canada
Energy: 100% Hydroelectric
Power Agreement Term:  Two (2) Years
Tenant:  Unnamed Leading Frontier AI Laboratory 

Alpha Compute continues to evaluate additional GPU procurement and leasing opportunities across its growing portfolio of data center partnerships in North America and Europe. The Company’s infrastructure strategy is designed to serve the rapidly expanding demand for dedicated compute from AI research organizations, national sovereign AI initiatives, and enterprise customers requiring privacy-centric compute solutions. 

About Alpha Compute Corp.
Alpha Compute Corp. (Nasdaq: ALP) is a pioneering leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute. Alpha Compute builds and operates businesses at the intersection of confidential computing, artificial intelligence, and decentralized AI. The Company’s GPU assets deliver privacy-preserving computation to partners and applications including Telegram, Animoca Brands, GAMEE, and Midnight Network. Alpha Compute is incorporated in the British Virgin Islands.  

Visit https://www.alphacompute.ai/  

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: the expected timing and go-live dates for Alpha Compute's GPU cluster deployments; projected revenue from the Company's AI infrastructure buildout; anticipated benefits from the Company's confidential compute partnerships and infrastructure expansion; and the Company's broader business strategy and operational plans. 

These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including: 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, 2025, and in the Company's Forms 6-K filed with the Securities and Exchange Commission on September 3, 2025 and January 13, 2026. 

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

FAQ

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

Alpha Compute announced a two-year compute off-take agreement with a leading frontier AI research lab. The deal covers a dedicated cluster of 504 NVIDIA B200 GPUs in a Canadian data center powered by 100% hydroelectric energy.

What is the total value of Alpha Compute Corp’s new AI compute contract?

The agreement has a total contract value of $32.2 million. It is structured as a definitive lease for GPU capacity, providing recurring revenue over two years from a single enterprise-scale AI lab tenant.

How much annual recurring revenue does the new Alpha Compute (ALP) contract provide?

The contract is expected to deliver $16.1 million in Annual Recurring Revenue (ARR). This ARR reflects the recurring payments over the two-year term tied to the dedicated 504-GPU NVIDIA B200 deployment in Alpha Compute’s Canadian data center.

What upfront payment is associated with Alpha Compute’s new AI lab agreement?

The agreement includes an expected $7.5 million upfront payment. This payment secures reservation of the dedicated GPU compute capacity for two years, complementing the contract’s ongoing annual recurring revenue component for Alpha Compute.

Where will Alpha Compute’s 504 NVIDIA B200 GPUs for this contract be deployed?

The 504 NVIDIA B200 Tensor Core GPUs will be deployed in Alpha Compute’s Canadian data center. The facility uses 100% hydroelectric power, aligning the high-performance AI compute deployment with renewable energy sourcing.

Who is the AI lab customer in Alpha Compute Corp’s $32.2 million deal?

The tenant is described as an unnamed leading frontier AI laboratory. Alpha Compute notes the customer is a recognized leader in frontier AI research and expects to provide more partnership details as contractually permitted.

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 PRESS RELEASE 7.0 KB