News & Events zu Alpha Compute Corp (ALP)ALPAlpha Compute Corp

Alpha Compute Signs $81.7M AI Compute Agreement

Alpha Compute announced that it has signed a binding contract with a billion-dollar AI compute marketplace for a four-year, $81.7M AI compute agreement. The agreement covers all 592 liquid-cooled Nvidia B300 GPUs of the company's ALPHA-03 cluster in Missouri with delivery targeted by early Q1 2027. The customer has paid a $1M data center booking deposit. The customer is a venture-backed AI compute marketplace. According to the client, it was valued at more than $1B in a recent funding round and serves more than 100 AI customers. Under the contract, the customer has committed to the cluster for an initial term of 48 months, with fees payable whether or not it uses the capacity. The agreement is worth approximately $20.2M a year in recurring revenue. The customer has agreed to pay 25% of the contract value, or $20.2M, in advance, with 20%, or $16.1M, due at signing and 5% due on delivery. ALPHA-03 will run in Missouri under an agreement the company has signed for 1.3 megawatts of liquid-cooled data center capacity. The cluster adds 16 hot-spare GPUs to the 576 covered by the agreement. ALPHA-03 is the company's first contracted GPU cluster in the United States, following ALPHA-01 in Canada and ALPHA-02 in Sweden.

Alpha Compute Signs Contract for ALPHA-02 Cluster

Alpha Compute announced the signing of a binding contract on September 30 for its ALPHA-02 cluster, delivering a high density NVIDIA B300 GPU deployment located in a 100% hydropowered data center in Sweden. The ALPHA-02 cluster delivers next-generation NVIDIA B300 compute capacity, purpose-built to accelerate high-density AI training and inference workloads.

Alpha Compute Updates Alpha Energy 02 Transaction, Purchase Price $5.5M

Alpha Compute announced an update on the Alpha Energy 02 transaction, first announced on September 22, with a total purchase price is $5.5M. Last week, Alpha Compute's oil, gas, and minerals leadership visited the property to review additional due diligence documents, met with the sellers/managers, and toured the pad sites. Information on the operations, financials, on-site verification of well resources, and equipment inventory were obtained and completed. Evaluation of log files from one natural gas test well into the Marcellus shale indicates substantial recoverable gas resources across multiple formations linked to the acquired land and mineral rights. Supplemented by potential unconstrained production-type curves from adjacent analog wells of two producing shallow gas wells, these reserves correspond to an estimated 200 MW of power generation capacity dedicated to Alpha Compute data center planned for Q1 2028. Beyond providing on-site, behind-the-meter power for planned data center developments, the transaction encompasses over 75 active oil wells with an estimated 2.9 million barrels of remaining oil-in-place. The acquisition delivers a stacked-resource position on more than 300 acres of surface, mineral and gas rights spanning both the Marcellus and Utica shale formations. The assets include: One natural gas test-well with proven natural gas reserves; More than 75 existing, producing oil and shallow gas wells with complete pump jack inventories; Operational maintenance facilities, heavy equipment and associated gathering infrastructure; and Full surface control, enabling co-location of power generation and compute on the same parcel. Historical documentation and test-well logs obtained in due diligence from an assessment estimates approximately 10,000 barrels per acre of light Pennsylvania-grade sweet crude oil across the subsurface parcels, implying roughly 3.0 million barrels of original oil in place across the acquired acreage. Preliminary evaluations indicate that only an estimated 4% of that volume has been extracted to date, leaving approximately 2.9 million barrels of oil in place. For context, at prevailing West Texas Intermediate prices of roughly $90 per barrel in late September 2026, the remaining in-place volume carries an illustrative gross, undiscounted value on the order of $260M. Based on standard primary-recovery rates of 5% to 15% for shallow Appalachian crude, estimated recoverable reserves range from 145,000 to 435,000 barrels. At current market rates, this projects to roughly $13M to $39.1M in gross top-line revenue, prior to royalties, taxes, and operational expenses. Backed by more than two decades of documented financial history, the current wells remain active and cash-flow positive today. A planned workover capital expenditure of approximately $3.5M is projected to restore field output to these higher historical rates. One test-well is the near-term catalyst. Horizontal wells completed in the Pennsylvania Marcellus and Utica typically recover on the order of 10 to 20 billion cubic feet of natural gas each over their producing lives, implying combined estimated ultimate recovery of approximately 20 to 40 Bcf for the one well, depending on lateral length, completion design and reservoir quality. Bringing the well online is expected to cost approximately $10M to $12M per well.