Alpha Compute Corp.

What Alpha Compute Corp. does

Alpha Compute Corp. (Nasdaq: ALP), formerly AlphaTON Capital Corp. and prior to that Portage Biotech, is a publicly traded AI compute infrastructure holding company headquartered in Delaware with operating sites in Canada, Sweden, and India. The company owns and operates NVIDIA Blackwell-generation GPU clusters, including the 504-GPU ALPHA-01 deployment in Canada and the planned 576-GPU ALPHA-02 site in Sweden, configured with Intel TDX Trusted Execution Environments to provide hardware-enforced confidential computing for AI workloads. The business is organized into four divisions: Alpha/Sovereign for regulated-industry compute, Alpha/Capital for GPU fleet financing through dedicated Special Purpose Vehicles, Alpha/Studios for developer tooling and applications, and Alpha/Games for consumer-facing AI products.

The company generates revenue through multi-year enterprise GPU-as-a-Service contracts with anchor customers in regulated industries and AI research, supplemented by the GAMEE consumer gaming platform (acquired May 2026, 120 million registered Telegram users) and the Cocoon AI privacy-focused service on the TON network. A $32.2 million two-year contract with a leading AI research laboratory drives approximately $16.1 million of annual recurring revenue, GAMEE contributed $3.5 million in 2025, and management targets a $100 million annualized AI infrastructure run-rate by Q4 2026 off a $200 million qualified pipeline. Capital structure is distinctive: GPU fleets are financed through SPVs including a $31.9 million non-recourse loan and a $43 million Vertical Data partnership, limiting equity dilution.

The company completed its strategic pivot to pure-play AI infrastructure in April 2026 under the Alpha Compute brand. Leadership comprises CEO Brittany Kaiser and Executive Chairman Enzo Villani, with a planned Q3 2026 divestiture of legacy biotech holdings. The Confidential Computing Consortium sponsorship and explicit positioning around GDPR, CCPA, and data sovereignty underpin the company's go-to-market thesis for healthcare, financial services, government, and defense clients that require verifiable data isolation at the hardware layer.

Name

Alpha Compute Corp.

Legal name

Alpha Compute Corp.

Website

https://alphacompute.ai

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Alpha Compute Corp. (Nasdaq: ALP) operates vertically integrated AI compute infrastructure using owned NVIDIA Blackwell GPU clusters and Intel TDX-based confidential computing, serving enterprise, government, and AI research clients alongside consumer AI applications through the GAMEE gaming platform.

Ownership category

akta.pro rank

Product category

AI Cloud Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Systems Design and Related Services (5415), Computer Facilities Management Services (541513)

SIC

Electronic Computers (3571), Services-Computer Processing & Data Preparation (7374), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

AI Compute Cloud & GPU-as-a-Service (HDAAAAAK)

akta.pro secondary industries

AI Compute Virtualization & Scheduling (GPU virtualization, cluster schedulers) (HDAAAAAG), GPU/Accelerator Compute Servers (HDABADAC), GPU-Accelerated & AI Training/Inference Servers (HDACABAG), Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting) (FSAPALAC)

Keywords

• GPU-as-a-Service
• Confidential computing
• Sovereign AI infrastructure
• Hardware-enforced privacy
• AI cloud services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. GPU-as-a-Service (GPUaaS) Recurring Revenue: Monthly recurring GPU rental revenue from enterprise customers accessing confidential compute infrastructure. The $32.2M two-year contract with an AI research laboratory generates $16.1M in annual recurring revenue, with projected $23M annual run-rate as of June 2026. Target of $100M+ annualized AI infrastructure run-rate by Q4 2026.
2. Multi-Year Enterprise Offtake Agreements: Long-term contracts with AI research institutions, sovereign entities, and enterprise clients providing committed revenue visibility. Includes the $32.2M two-year GPU lease agreement providing $16.1M ARR.
3. GAMEE Gaming Platform Revenue: Application-layer revenue from the GAMEE gaming platform with 120M registered users. GAMEE generated $3.5M in 2025 revenue and $926K in Q1 2026 (+56% YoY growth). Phase II Gold Fest campaign launches with $2M prize pool.
4. Managed Inference Services: Managed inference services for enterprise clients requiring confidential AI workload processing on owned GPU infrastructure.
5. Confidential Capital SPV Fees: Fees from structuring and managing Special Purpose Vehicles (SPVs) for GPU fleet financing, turning hardware into yield instruments for institutional investors.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

Alpha Compute Corp. operates a vertically integrated sovereign AI compute platform that delivers GPU-as-a-Service (GPUaaS) and confidential computing built on owned NVIDIA Blackwell-generation GPU clusters (B200 and B300). The company enforces hardware-level data isolation using Intel TDX Trusted Execution Environments, serves enterprise and government clients with privacy-sensitive AI workloads, and operates application-layer businesses (GAMEE gaming, Cocoon AI for Telegram) that consume its own compute backbone.

Product overview

Alpha Compute Corp. operates as an AI infrastructure holding company with four divisions: Alpha/Sovereign (enterprise GPU-as-a-Service with hardware-level confidential computing), Alpha/Games (AI gaming including acquired platform GAMEE with 120M users), Alpha/Capital (GPU financing through SPV vehicles), and Alpha/Studios (creative media arm). The infrastructure backbone consists of owned NVIDIA Blackwell B200/B300 GPU clusters (ALPHA-01, ALPHA-02) deployed across Tier 1 data centers in Canada and Sweden. Application layer includes Cocoon AI (privacy-focused AI for Telegram) and Shroud developer platform. The company targets regulated industries requiring data sovereignty with hardware-enforced privacy via Intel TDX TEEs.

Differentiator

Problem solved

Functional benefit

Brands

• Alpha / Sovereign: Enterprise and government GPU-as-a-service division providing confidential computing with hardware-level data isolation through Intel TDX TEEs
• Alpha / Capital
• Alpha / Studios
• Alpha / Games
• GAMEE
• Cocoon AI
• Shroud

Quantifiable outcome

• 120 million registered users through GAMEE acquisition
• +5 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Animoca BrandscoreStrategic or Co-development Partner · 27 May 2026Sold 60% controlling interest in GAMEE to Alpha Compute for up to $11M at $18M implied valuation. Animoca Brands signed a two-year standstill as minority partner, betting alongside Alpha Compute. GAMEE founder Bozena Rezab now leads Alpha/Games division as EVP.
• TelegramcoreStrategic or Co-development Partner · 21 May 2026Partnership with Telegram for Cocoon AI deployment on TON blockchain network. Alpha Compute provides AI infrastructure for Telegram's privacy-focused AI services. Expansion to India to serve Telegram's 100 million users without delay.
• NvidiacoreTechnology or Integration · 21 May 2026GPU supplier providing B200 and B300 Blackwell-generation chips. Alpha Compute is first company to deliver chip-level security for confidential computing for non-military commercial use on B200 and H200 architectures, with clearance from NVIDIA.
• IntelagenminorOthers · 21 April 2026Tom Richer, founder of Intelagen (a NVIDIA and Google Premier Partner), appointed to Alpha Compute Advisory Board. Intelagen provides strategic counsel on GPU-as-a-Service infrastructure, confidential cloud architecture, and enterprise go-to-market execution.
• AzukiminorStrategic or Co-development Partner · 9 April 2026Significant partnership with Azuki driving GAMEE Q1 2026 performance. Partnership contributed to 88.5 million gameplays and revenue increase to $926,000.
• Midnight FoundationminorStrategic or Co-development Partner · 9 March 2026AlphaTON Capital operates one of ten founding nodes for Midnight, a fourth-generation privacy-enhancing blockchain designed for web3 applications. Part of consortium including Google Cloud, Blockdaemon, Shielded Technologies, MoneyGram, Vodafone, and eToro.
• atNorth (Equinix)coreOthers · 11 December 202560-month agreement for 2.2 MW data center capacity in Sweden with options to expand to 4.3 MW, enabling deployment of 2,000-4,000 high-performance GPUs. ALPHA-02 cluster (576 B300 GPUs) deployed at AtNorth's Kista facility.
• KrakenminorOthersEcosystem partner listed on Alpha Compute website as part of strategic partner ecosystem.
• BitGominorOthersEcosystem partner listed on Alpha Compute website as part of strategic partner ecosystem.
• SkybridgeminorOthersEcosystem partner listed on Alpha Compute website as part of strategic partner ecosystem.
• SaltminorOthersEcosystem partner listed on Alpha Compute website as part of strategic partner ecosystem.
• HiveminorOthersEcosystem partner listed on Alpha Compute website as part of strategic partner ecosystem.

Scale indicators14 records

Recent moves8 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AlphaTONCapital
• LinkedInlinkedin.com/company/alphacompute
• Instagraminstagram.com/alpha.compute

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds11 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpha Compute Corp.