Alpha Compute Corp. (NASDAQ: ALP) reported total assets of $79.2 million and projected annual revenue of $23 million as of June 4, 2026, according to a company statement. The AI GPU-as-a-Service provider also announced the completion of its majority acquisition of gaming platform GAMEE.

The company's unaudited balance sheet shows total liabilities of $44.4 million, including $34.4 million in GPU and data center leases, resulting in total equity of $34.8 million. Alpha Compute projects an annual revenue run-rate of $23 million, up from approximately $30,000 in quarterly contracted revenue at the start of 2026.

The revenue projection stems from a $32.2 million, two-year agreement with an AI research laboratory that closed in May 2026. The deal provides $16.1 million in annual recurring revenue from a dedicated cluster of 504 NVIDIA B200 GPUs located in Canada.

Alpha Compute completed its 60% controlling interest acquisition of GAMEE from Animoca Brands at an $18 million valuation. GAMEE operates a Telegram-based gaming platform with over 120 million registered users and generated $3.5 million in revenue in 2025 and $926,000 in the first quarter of 2026.

The company operates GPU infrastructure through two programs: ALPHA-01 in Canada, which went live in May 2026 with 504 NVIDIA B200 GPUs, and ALPHA-02 in Sweden, currently in development with 576 NVIDIA B200 GPUs. Both facilities use hydroelectric power.

Alpha Compute has launched a national advertising campaign called "Own Your Data" on CNBC, Fox Business News, and Newsmax during market opening and closing hours. The company rebranded from AlphaTON Capital Corp. in April 2026 and now trades under the ticker symbol ALP on the Nasdaq Capital Market.