Back to news

Alpha Compute Signs Binding GPU Contract, Leasing ALPHA-03 cluster under Four-Year, $81.7 Million Agreement in its Missouri Superintelligence Factory

Globe Newswire•14/10/2026•07:00 ET
0

Key Highlights

  • ➤$81.7 million binding GPU contract signed for 48 months
  • ➤ALPHA-03 dedicates 592 liquid-cooled NVIDIA B300 GPUs to one customer
  • ➤$20.2 million annual recurring revenue expected under the agreement
  • ➤25% advance payments total $21.2 million, including $16.1 million due at signing
  • ➤Early Q1 2027 delivery targeted for Missouri cluster

Expert Statements

Brittany Kaiser, Chief Executive Officer of Alpha Compute

“A venture-backed AI compute marketplace has signed a binding four-year contract for all of ALPHA-03 and paid a deposit.”

Brittany Kaiser, Chief Executive Officer of Alpha Compute

“ALPHA-03 will be the largest contract so far, as we grow this business globally.”

Yury Mitin, Chief Business Development Officer of Alpha Compute

“ALPHA-03 will dedicate 592 liquid-cooled B300 GPUs to one customer for four years.”

Yury Mitin, Chief Business Development Officer of Alpha Compute

“The 25% advance will equal a full year of fees.”

New York, NY, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a pioneering technology leader in Sovereign Superintelligence, today announced that it has signed a binding contract with a billion-dollar AI compute marketplace for a four-year, $81.7 million AI compute agreement. The agreement covers all 592 liquid-cooled NVIDIA B300 GPUs of the Company’s ALPHA-03 cluster in Missouri, USA with delivery targeted by early Q1 2027. The customer has paid a $1.0 million data center booking deposit.

The customer is a venture-backed AI compute marketplace. According to the client, it was valued at more than $1 billion in a recent funding round and serves more than 100 AI customers.

Get started

Create a free account to read the full story.

Sign Up

Already have an account? Log in