Alpha Compute Corp Dossier
Qualitative Analysis
Business overview
Alpha Compute Corp. (Nasdaq: ALP), formerly known as AlphaTON Capital Corp. and Portage Biotech Inc., is a high-performance GPU infrastructure and confidential-compute technology company serving the artificial intelligence economy. Domiciled in the British Virgin Islands, the company operates as a holding company centered on sovereign AI compute. By owning the physical infrastructure powering modern intelligence, Alpha Compute ensures privacy is strictly enforced at the hardware level. The company provides GPU-as-a-Service (GPUaaS) and confidential computing solutions to enterprises, governments, and decentralized AI ecosystems. Its core infrastructure assets deliver privacy-preserving computation to partners and applications including Telegram's Cocoon AI, Animoca Brands, GAMEE, and Midnight Network.
Research as of 24 Jul 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Building out dedicated, high-performance GPU clusters (ALPHA-01 in Canada and ALPHA-02 in Sweden) powered entirely by renewable hydroelectric energy to serve AI laboratories, sovereign entities, and enterprise customers.
Expected impact: Once fully operational, the combined footprint of planned deployments is projected to generate $72 million in annual revenue.
Launching a national alliance advocating for the right to build AI infrastructure and data centers, opposing statewide and local data center moratoriums, and supporting accelerated permitting and grid reforms.
Expected impact: Aims to secure policy support, accelerate permitting timelines, and protect the lawful ownership and use of computational resources.
Integrating GAMEE's mobile and Telegram-based gaming distribution infrastructure with Alpha Compute's Blackwell GPU clusters to power Telegram's Cocoon AI confidential compute network.
Expected impact: Expands addressable market at the intersection of AI and gaming, leveraging over 120 million registered users to deploy agentic gameplay and a confidential AI ad network.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To acquire a 60% controlling interest in a proven global gaming platform with 120 million registered users, establishing the 'Alpha Games' division and integrating its distribution infrastructure with Alpha Compute's GPU clusters.
Financial impact: Brings an estimated $3.5 million in 2025 revenue and $926,000 in Q1 2026 revenue, contributing to the company's projected annualized revenue run-rate of $21-23 million.
Strategic Partnerships
Alpha Compute's GPU assets deliver privacy-preserving computation to power Telegram's Cocoon AI confidential compute network, leveraging GAMEE's distribution channel.
Animoca Brands was the seller of the 60% controlling interest in GAMEE and transferred approximately 878 million GMEE tokens to Alpha Compute's balance sheet as part of the transaction.
Terms: Animoca Brands received $1.5 million in cash and approximately $2.0 million in Alpha Compute shares and pre-funded warrants at closing.