Alpha Compute Corp. (Nasdaq: ALP) released a comprehensive business update on July 22, covering financials, GPU deployments, and strategic acquisitions through June 4, 2026. The company reported total assets of $79.2 million, liabilities of $44.4 million (including $34.4M in GPU and data center leases), and equity of $34.8 million. Projected annual revenue stands at $23 million, fueled by a $32.2 million GPU off-take agreement signed in May 2026 with a leading AI lab.
Revenue jump from GPU clusters
Quarterly contracted revenue climbed from roughly $30,000 in Q1 2026 to an annualized run-rate of $23 million after a two-year, $32.2 million deal locked in $16.1 million in annual recurring revenue. The contract grants exclusive access to a cluster of 504 NVIDIA B200 GPUs deployed under the Alpha-01 program in Canada, powered entirely by hydroelectric energy. A $7.5 million upfront reservation payment secures capacity for the full term.
Alpha-02 in Sweden adds 576 B200 GPUs
The second deployment, Alpha-02 in Sweden, will add 576 NVIDIA B200 GPUs to the fleet, also running on hydroelectric power. When completed, Alpha Compute will operate over 1,000 Blackwell-generation GPUs across two facilities.
“Own Your Data” national campaign goes live
Alpha Compute launched its “Own Your Data” brand campaign on CNBC, Fox Business News, and Newsmax during NYSE and Nasdaq market opens and closes. The ads challenge consumers to reconsider how smart TVs, video doorbells, and home assistants often act as data pipelines for manufacturers, positioning confidential computing as a solution for data sovereignty in the AI economy.
GAMEE acquisition brings 120M users
In May 2026, Alpha Compute closed the acquisition of a 60% controlling stake in GAMEE, a Telegram-native gaming and digital rewards platform, from Animoca Brands at an implied valuation of $18 million. GAMEE has over 120 million registered users, generated $3.5 million in revenue in 2025 and $926,000 in Q1 2026. The platform will anchor Alpha Games, a new AI gaming division led by GAMEE founder Bozena Rezab. Plans include merging GAMEE’s distribution with Alpha Compute’s GPU clusters, launching agentic gameplay in Q4 2026, and deploying TEE-secured AI to 120 million users.
The company rebranded from AlphaTON Capital Corp. to Alpha Compute Corp. on April 20, 2026, trading under ticker “ALP” on Nasdaq, with a focus on AI GPU-as-a-Service and confidential computing infrastructure.