The etu is app oximately $6 millio wo th of TON (GRAM) a d emoves the liabilities tied to the TON Put Optio s, completi g the o de ly wi d-dow of the Compa y’s legacy Teleg am-focused Digital Asset T easu y (DAT) a d fo mally closi g that li e of busi ess. With this step complete, Alpha Compute o lo ge holds digital assets as a bala ce-sheet t easu y positio .
F om this poi t fo wa d, the Compa y will hold Teleg am GRAM toke s solely as ea ed co side atio fo the AI co fide tial compute it delive s to Teleg am’s Cocoo AI etwo k-tyi g a y toke exposu e di ectly to co t acted wo k pe fo med athe tha to a speculative i vestme t thesis.
The move completes the Compa y’s t a sfo matio f om the t easu y-o ie ted model of its p edecesso , AlphaTON Capital Co p., i to a ope ati g compa y built a ou d sove eig AI compute i f ast uctu e.
The Digital Asset T easu y was a st uctu al featu e of the Compa y’s p io ide tity as AlphaTON Capital Co p., whe holdi g Teleg am-ecosystem toke s o the bala ce sheet was ce t al to the busi ess model. Followi g the Ap il 20, 2026 eb a d to Alpha Compute Co p. a d the Compa y’s full st ategic pivot to GPU-as-a-Se vice a d co fide tial computi g, the DAT became the last emai i g vestige of that capital-vehicle st uctu e.
Today’s a ou ceme t eti es it. The Compa y will hold o ly a mi o amou t of $200,000 wo th of TON afte this t a sactio , which is bei g etu ed to the fi al legacy sha eholde as pe mitted th ough Teleg am’s Novatio ag eeme ts.
The cha ge is mo e tha cosmetic. U de the t easu y model, the Compa y ca ied digital assets whose value fluctuated i depe de tly of ope atio s, i t oduci g ma k-to-ma ket volatility u elated to the pe fo ma ce of the u de lyi g compute busi ess. By exiti g that positio , Alpha Compute emoves speculative toke exposu e f om its bala ce sheet a d alig s its fi a cial p ofile with what its sha eholde s a e backi g: a eve ue-ge e ati g AI i f ast uctu e compa y.
P ojected Post DAT wi d-dow Bala ce Sheet a d Estimated Reve ue of Alpha Compute: (u audited)
Assets = $73.4 millio
Equity = $20.5 millio
Debt = $0.4 millio
GPU Lease Liabilities = $34.4 millio
Twelve Mo ths Reve ue Fo ecasted Ru Rate = $23 millio
Sha es Outsta di g = 72 millio
Goi g fo wa d, the o ly Teleg am-ecosystem toke s Alpha Compute will hold a e GRAM eceived as payme t fo compute delive ed o the Cocoo etwo k. GRAM will fu ctio as co side atio fo se vices e de ed-ea ed, co t acted, a d tied to delive ed capacity- athe tha as a disc etio a y asset held fo app eciatio .
“Whe we we e AlphaTON Capital, a digital asset t easu y fit what the compa y was. Alpha Compute is a diffe e t compa y with a diffe e t ma date. Ou sha eholde s a e backi g a ope ati g compute busi ess, a d ou bala ce sheet should eflect exactly that- othi g mo e, othi g less. Retu i g the last of ou TON closes the book o the t easu y e a. F om he e, the o ly Teleg am toke s we hold a e GRAM we have ea ed by delive i g compute: co side atio fo wo k pe fo med.” – E zo Villa i, Executive Chai ma a d Chief I vestme t Office , Alpha Compute Co p.
The wi d-dow eflects a cha ge i how Alpha Compute pa ticipates i the Teleg am eco omy, ot whethe it pa ticipates. The Compa y emai s a committed i f ast uctu e p ovide to Teleg am’s Cocoo AI co fide tial-computi g etwo k, which is bei g made available to Teleg am’s mo e tha o e billio use s, a d co ti ues to delive T usted Executio E vi o me t (TEE)-secu ed i fe e ce i to that etwo k th ough its Sh oud co fide tial-compute p oduct.
Alpha Compute’s co victio i the lo g-te m oppo tu ity is u cha ged: that co fide tial, ha dwa e-e fo ced AI compute-whe e use data emai s p ivate eve f om the i f ast uctu e ope ato -is fou datio al to b i gi g t ustwo thy AI to co sume scale. As Cocoo adva ces th ough its ollout, Alpha Compute i te ds to co ti ue se vi g the etwo k as a Web3 compute clie t a d p ovide , compe sated i the ecosystem’s ative u it fo the capacity it supplies.
“Ou belief i Teleg am a d i co fide tial compute has eve bee st o ge . Cocoo puts AI that u s i side ha dwa e-secu ed t usted executio e vi o me ts withi each of mo e tha a billio people, with thei data kept p ivate by desig . Wi di g dow the t easu y cha ges how we pa ticipate i the Teleg am eco omy; it does ot cha ge that we pa ticipate. We emai a dedicated Web3 compute p ovide to Cocoo , a d we will keep delive i g the co fide tial i f ast uctu e that etwo k elies o .” – B itta y Kaise , Chief Executive Office , Alpha Compute Co p.
The decisio is co siste t with the ope ati g thesis a ticulated i “The Black Pape ,” published o alphacompute.ai, which holds that digital sove eig ty is the defi i g i f ast uctu e challe ge of the ce tu y. Alpha Compute’s missio is to build the ha dwa e, fi mwa e, a d etwo k laye that e codes data ow e ship as a a chitectu al gua a tee-a d to u a busi ess whose bala ce sheet is as discipli ed a d t a spa e t as the i f ast uctu e it ope ates.
Alpha Compute Co p. (Nasdaq: ALP) is a high-pe fo ma ce GPU i f ast uctu e a d co fide tial-compute tech ology compa y se vi g the a tificial i tellige ce eco omy. Alpha Compute ope ates as a holdi g compa y ce te ed o sove eig AI compute. By ow i g the i f ast uctu e powe i g mode i tellige ce, we e su e p ivacy is st ictly e fo ced at the ha dwa e level. This obust fou datio allows us to st ategically build a d acqui e busi esses that ely o co fide tial compute a d a tificial i tellige ce.
Ou missio is to suppo t clie ts, subsidia ies, a d pa t e s ac oss c itical secto s-i cludi g fi a ce, defe se, i tellige ce, a d media-as they avigate the evolvi g AI la dscape. Alpha Compute p ovides the esse tial f amewo k fo a y o ga izatio equi i g secu e, co fide tial computi g e vi o me ts. The compa y is domiciled i the B itish Vi gi Isla ds with offices i New Yo k, Los A geles, Miami, Amste dam, a d To o to.
Fo mo e i fo matio , please visit: https://alphacompute.ai
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of applicable secu ities laws. All stateme ts othe tha stateme ts of histo ical fact, i cludi g those p eceded by, followed by, o i co po ati g wo ds such as “believes,” “expects,” “a ticipates,” “i te ds,” “estimates,” “pla s,” “may,” “will,” “pote tial,” “co ti ues,” o simila exp essio s a e fo wa d-looki g stateme ts.
Fo wa d-looki g stateme ts i this elease i clude, without limitatio : the expected timi g a d go-live dates fo Alpha Compute’s GPU cluste deployme ts; p ojected eve ue f om the Compa y’s AI i f ast uctu e buildout; a ticipated be efits f om the Compa y’s co fide tial compute pa t e ships a d i f ast uctu e expa sio ; a d the Compa y’s b oade busi ess st ategy a d ope atio al pla s.
These stateme ts i volve k ow a d u k ow isks a d u ce tai ties that may cause actual esults to diffe mate ially f om those exp essed o implied, i cludi g: the timi g a d p og ess of the Compa y’s st ategic i itiatives; elia ce o thi d-pa ty ve do s a d pa t e s; the ability to secu e additio al fi a ci g; u ce tai ty a ou d the Compa y’s i vestme ts a d legacy busi ess; isks elated to tech ology platfo ms a d ecosystems; a d ge e al ma ket a d eco omic co ditio s. A mo e complete discussio of these isks is set fo th u de “Item 3 – Key I fo matio – Risk Facto s” i the Compa y’s A ual Repo t o Fo m 20-F fo the yea e ded Ma ch 31, 2025, a d i the Compa y’s Fo ms 6-K filed with the Secu ities a d Excha ge Commissio o Septembe 3, 2025 a d Ja ua y 13, 2026.
U due elia ce should ot be placed o these fo wa d-looki g stateme ts. The fo wa d-looki g stateme ts co tai ed he ei a e made as of the date of this p ess elease, a d the Compa y u de takes o obligatio to update o evise them publicly, except as equi ed by law.
Alpha Compute Co p.
