r/AlphaCompute
Alpha Compute (Nasdaq: ALP) secures $32.2M, 2-year AI GPU deal
"Alpha Compute Corp has closed a two-year compute off-take agreement with a leading frontier AI research lab, with a total contract value of $32.2 million. The deal, covering a dedicated cluster of 504 NVIDIA B200 GPUs in a Canadian data center powered by 100% hydroelectric energy, is expected to generate $16.1 million in Annual Recurring Revenue and includes an anticipated $7.5 million upfront payment to reserve capacity. Executives describe this as the Company’s first enterprise-scale B200 deployment and a critical step in its commercial strategy for AI GPU-as-a-service and confidential compute."
u/snugulupugus — 9 days ago