Alpha Compute Signs Binding Contract to Acquire Assets of Operating Oil and Gas Business in Pennsylvania

Pittsburgh, PA, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a vertically integrated technology pioneer in AI Confidential Compute and GPU-as-a-service (GPUaaS), today announced Alpha Compute Corp. has executed definitive real estate and asset purchase agreements in Pennsylvania.

Strategic Resource Acquisition The transaction secures over 300 acres of surface, mineral and gas rights, encompassing both the Utica and Marcellus shale formations. Historical documentation from an assessment by Haliburton estimates an average of 10,000 barrels per acre of light Pennsylvania sweet crude oil across subsurface parcels. Alpha Compute is actively conducting updated geological assessments, modern appraisals, and confirmed site reviews to precisely map reserve potential. The acquisition includes over 75 existing oil and gas wells, complete well pump jack inventories, operational maintenance facilities, heavy equipment, and associated gathering infrastructure.