Alpha Compute: $21 Million NTM Sales Outlook Shows Scale-Up Potential – Quarterly Update Report

Revenue-Generating AI Compute Pivot Now Visible; $21 Million NTM Sales Outlook Highlights Scale-Up Potential

• Key Takeaways:

  • $32.2 cardinal AI laboratory declaration validates ALP’s pivot to AI GPUaaS and confidential compute, creating $16.1 cardinal of yearly contracted revenue.

  • $21 cardinal NTM gross outlook anchors the scale-up trajectory, expanding the gross basal beyond the archetypal AI laboratory declaration done expected GAMEE contribution.

  • ALPHA-01 is present unrecorded with 504 NVIDIA B200 GPUs, portion ALPHA-02 targets 576 B300 GPUs successful Sweden successful 3Q26.

  • GAMEE adds consumer-platform optionality, with 119 cardinal registered users, 10 cardinal gameplays, and 56% y/y 1Q gross growth.

  • ALP trades astatine 0.41x NTM income versus the adjacent mean of 11.85x, contempt aboriginal contracted AI compute gross visibility.

• Alpha Compute Corp.’s (ALP) mid-quarter update points to a worldly inflection from concept-stage AI infrastructure buildout toward contracted, revenue-generating operations. ALP secured a $32.2 million, two-year statement with a starring AI probe firm, translating to $16.1 cardinal of yearly contracted revenue, up from ~$30,000 successful 1Q26. The declaration supports ALPHA-01, the company’s inaugural enterprise-scale deployment comprising 504 NVIDIA B200 GPUs successful Canada. ALP is besides advancing ALPHA-02, a 576-GPU NVIDIA B300 clump successful Sweden targeted for 3Q26 deployment. Importantly, ALP present expects $21 cardinal successful NTM revenue, including contracted AI compute gross and expected publication from the pending GAMEE acquisition, alongside a $200+ cardinal qualified income pipeline crossed AI research, enterprise, and sovereign compute customers. The NTM outlook is simply a cardinal scale-up indicator, extending beyond the archetypal AI laboratory declaration to bespeak broader infrastructure monetization and anticipated publication from GAMEE.

• The rebrand from AlphaTON Capital to Alpha Compute formalizes the company’s strategical displacement from Telegram ecosystem vulnerability to AI GPUaaS and confidential compute infrastructure. The institution changed its sanction and Nasdaq ticker from ATON to ALP connected April 20, 2026, explicitly positioning itself arsenic an AI GPU-as-a-service and confidential compute level alternatively than chiefly a TON ecosystem concern vehicle. The caller level is focused connected confidential AI compute, sovereign AI infrastructure, scalable GPU deployment, and privacy-native AI ecosystems, with binding agreements for the deployment of implicit 1,000 Blackwell-generation GPUs and strategical relationships crossed Telegram, Animoca Brands, Midnight Network, and GAMEE. The Cocoon bundle stack deployment is successful aviator signifier arsenic Telegram begins scaling applications, portion the GAMEE acquisition is nearing completion pending last audits. Strategically, ALP is positioning for rising request from regulated AI workloads done hardware-level encryption and TEE-based confidential compute powered by Blackwell-generation GPUs.