Alpha Compute Corp. Mid-Q2 2026 Business Update

Alpha Compute Corp. provided a business update for the period ended May 21, 2026, highlighting significant progress in its AI GPU-as-a-service (GPUaaS) and AI Confidential Compute operations. The company secured a $32.2 million, two-year contract with a leading AI research firm, resulting in $16.1 million in annual contracted revenue. Alpha Compute also launched its first enterprise-scale Blackwell cluster, ALPHA-01, in Canada, featuring 504 NVIDIA B200 GPUs and powered by hydroelectricity. The ALPHA-02 deployment in Sweden is under construction, targeting a Q3 2026 go-live with an projected 576 GPUs, also utilizing hydroelectric power. The company reported $10.2 million in cash and cash equivalents and total assets of $66.9 million as of May 21, 2026. Key developments include the nearing completion of the GAMEE acquisition, the projected launch of a US Government Contracting entity in Q3 2026, and the establishment of Alpha Compute Capital to finance AI GPU Special Purpose Vehicles. The company anticipates $21 million in projected revenue over the next twelve months and maintains a qualified sales pipeline exceeding $200 million.