Alpha Compute secured $31.9 million in non-recourse GPU financing using Nvidia B300 hardware as collateral.

Alpha Compute Corp. (Nasdaq: ALP) announced the execution of a binding term sheet for a $31.9 million non-recourse loan facility secured by B300 Nvidia graphics processing units (GPUs). The transaction, entered into with an undisclosed institutional lender, establishes parameters for a structured credit facility and marks a significant milestone in the Company's strategy to scale its AI compute capabilities while optimizing its capital structure. The financing is designated for a strategic Equinex/AtNorth data center build out in Sweden.

Under the non-recourse structure of the facility, the collateral is strictly limited to the underlying Nvidia GPU assets and the facility's build-out. The lender's remedies upon any event of default are exclusively restricted to the pledged hardware, precluding any recourse to the Company's other assets, equity, or general creditworthiness.

"This facility represents a disciplined and innovative approach to financing our AI infrastructure buildout," said Brittany Kaiser, Chief Executive Officer of Alpha Compute. "By leveraging the intrinsic and growing asset value of Nvidia GPUs as collateral, we are able to scale our compute capacity in a capital-efficient manner that preserves flexibility across our broader balance sheet. Non-recourse GPU financing is rapidly emerging as a preferred instrument for AI-native companies, and we are pleased to be at the forefront of this market."

Proceeds from the facility are expected to be used for AI infrastructure, data center expansion, and networking, supporting Alpha Compute's long-term growth initiatives. Alpha Compute Corp., formerly AlphaTON Capital Corp., owns and operates AI infrastructure powered by confidential compute and hardware-level encryption. The company's GPU assets deliver privacy-preserving computation to partners and applications including Telegram, Animoca Brands, and Midnight Network.