AlphaTON Capital Corp (NASDAQ:ATON), the global public technology leader building the Telegram super app, with an addressable market of one billion monthly active users, today announces the signing and closing of a $46 million strategic AI compute infrastructure deal, adding 576 half-cluster NVIDIA B300 chips to its books. This deployment, scheduled for delivery next month in February, is expected to generate an IRR of 27%, a ROI of 282% and a net present value of $11 million, leveraging AlphaTON’s existing $20 million of assets on its balance sheet.
AlphaTON is pioneering a new category of artificial intelligence: providing decentralized, privacy-preserving AI infrastructure deployed at scale through its integration with the Telegram ecosystem and Cocoon AI’s revolutionary confidential computing network.
AlphaTON offers a comprehensive, vertically integrated approach to data sovereignty and privacy-centric AI technologies, positioning itself at the intersection of three major trends:
- Development of the $7 trillion AI infrastructure market;
- Global transition to data privacy and property rights, and
- The rise of decentralized computer networks.
$46M Sovereign GPU Cluster: The AI Infrastructure Opportunity
AlphaTON’s next growth initiative, a half-cluster of 576 NVIDIA B300 chips, will be the company’s first large-scale confidential computing deployment to fill a critical gap in the market: AI workloads that cannot be run on big tech infrastructure due to privacy, sovereignty or data protection constraints. AlphaTON aims to provide accessibility to privacy-centric market alternatives.
The project is structured with $4 million already paid by AlphaTON to complete the transaction with cash on its balance sheet, $32.7 million in debt financing closed without recourse, and an additional $9.3 million in equity in small installments paid by AlphaTON ahead of delivery in February and full deployment in March. The structure provides conservative financial leverage with manageable risk, with a two-month grace period for installation, meaning no debt or interest payments are due until the B300s are installed and generating revenue from March.
Projected Economic Highlights:
- TRI project: 27%
- Net present value: $11.04 million
- Share multiple: 3.82x
- Total return on project investment: 282%
- Money returned: $53.6 million over 5 years
The 576 B300s will be housed in AtNorth’s sustainable, 100% hydroelectric data center in Sweden, harnessing some of the lowest cost and cleanest energy in the world. Managed services will be provided by CUDO Compute and SNET Energy Ltd, with funding arranged by Vertical Data and LEAP.
The Privacy-Focused AI Infrastructure Thesis
Big Tech’s dominance of AI infrastructure creates an existential conflict: All big tech companies control the data customers enter, as well as the use and monetization of that data. For businesses, governments, and individuals who need data sovereignty, whether to comply with regulations, protect competition, or uphold ethical principles, there are no large-scale alternatives on the market.
AlphaTON solves this problem through vertical integration:
- Hardware layer: Sovereign GPU clusters owned and controlled outside of the Big Tech ecosystem
- Network layer: Cocoon AI’s decentralized, confidential, and privacy-preserving computing network provides AI inference services without data collection.
- Distribution layer: Telegram’s 1 Billion+ Users Deliver Unprecedented Reach for Privacy-Focused AI Applications
“We are bringing confidential computing power to the world’s largest privacy-preserving AI network,” said Brittany Kaiser, CEO of AlphaTON. “Cocoon provides computation that is not owned or monitored by big tech. A privacy-focused network where users maintain sovereignty over their data. This is not a philosophical position, it is a requirement of the trillion-dollar market that AlphaTON is uniquely positioned to capture.”
“While the market as a whole remains volatile, AlphaTON has systematically de-risked our capital structure by adding physical compute assets, strategic partnerships and revenue-generating infrastructure,” said Enzo Villani, CIO of AlphaTON Capital. “Our record today represents not only capital preservation, but also offensive positioning for the upcoming AI infrastructure supercycle.”
One of the largest growing markets
Recent market dynamics have transformed AI infrastructure from a speculative sector into a systemic economic necessity. Amazon, Microsoft, Meta, Alphabet, Oracle and other hyperscalers have spent more than $400 billion on AI infrastructure in 2025 and are expected to spend more than $600 billion in cumulative AI capital spending in 2026. The U.S. government considers this a national priority, taking a 10% stake in Intel to ensure domestic semiconductor supremacy and send a clear message that AI infrastructure has become infrastructure national criticism.
Analysts agree that global data center capacity needs to nearly triple by 2030, requiring up to $7 trillion in investment, with 70% of new demand driven by AI workloads. AlphaTON is building the future by securing advanced chip allocations and data center agreements across various jurisdictions to ensure continued, large-scale deployments of infrastructure investments that benefit from this macro tailwind while simultaneously providing differentiation through its privacy-first positioning.
Updating old market announcements
On November 26, 2025, AlphaTON announced that it had entered into agreements to acquire a cluster of over 1,000 NVIDIA B200 GPUs. This set of agreements for the purchase of a half-cluster of 576 NVIDIA B300 GPUs replaces previous agreements. 576 NVIDIA B300 will be AlphaTON Capital’s first larger-scale deployment, in partnership with AtNorth, SNET Energy Ltd., CUDO Compute, Vertical Data and LEAP. This builds on AlphaTON’s current pilot deployments of 8 NVIDIA H200s, 8 NVIDIA B200s and 16 NVIDIA B300s underway with Atlantic AI. Since the launch of Telegram’s Cocoon AI on November 30, 2025, AlphaTON has started generating revenue on Cocoon for its AI inference processing and now has enough data to scale.
About AlphaTON Capital Corp. (Nasdaq: ATON)
AlphaTON Capital Corp (NASDAQ: ATON) is the world’s first public technology company developing the Telegram super app, with an addressable market of 1 billion monthly active users while managing a strategic reserve of digital assets. The Company implements a comprehensive M&A and treasury strategy that combines direct token acquisition, validation operations, and strategic ecosystem investments to generate sustainable returns for shareholders. Through its operations, AlphaTON Capital provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram’s billion-user platform while maintaining the governance standards and reporting transparency of a Nasdaq-listed company. Led by Chief Executive Officer Brittany Kaiser, Executive Chairman and Chief Investment Officer Enzo Villani, and Chief Business Development Officer Yury Mitin, the Company’s activities span network validation and staking operations, Telegram-based application development, and strategic investments in TON-based decentralized financial protocols, gaming platforms, and commercial applications.
AlphaTON Capital Corp is a company incorporated in the British Virgin Islands and traded on Nasdaq under the symbol “ATON”. AlphaTON Capital, through its legacy businesses, is also advancing first-in-class therapies targeting known checkpoint resistance pathways to achieve durable therapeutic responses and improve patient quality of life. AlphaTON Capital actively engages in the drug development process and provides strategic advice to guide the development of new immunotherapy assets and combinations of assets. To learn more, please visit https://alphatoncapital.com/.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the future financial performance of AlphaTON and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the development and adoption of AI technologies, cryptocurrency market volatility, regulatory developments, technical challenges related to infrastructure deployment and general economic conditions. AlphaTON undertakes no obligation to update any forward-looking statements, except as required by law.
