0001171843-26-002823
SEC filingAlpha Compute Corp. executed a binding term sheet for a $31.9 million non-recourse loan facility secured by Nvidia B300 GPUs to fund AI infrastructure expansion.
Alpha Compute Corp. has secured a binding term sheet for a $31.9 million non-recourse financing facility with an undisclosed institutional lender, collateralized exclusively by Dell B300 Nvidia GPUs and the associated build-out. This structure ensures lender remedies are restricted to the pledged hardware upon default, protecting the company's broader balance sheet, equity, and general creditworthiness. The transaction enables capital-efficient scaling of AI compute infrastructure, particularly for the strategic data center expansion with Equinex/AtNorth in Sweden. CEO Brittany Kaiser emphasized this as a disciplined approach leveraging the rising asset value of Nvidia GPUs, positioning Alpha Compute at the forefront of emerging non-recourse financing for AI-native firms. Proceeds will directly support AI infrastructure purchases, installations, networking, and long-term growth initiatives in confidential compute and GPU-as-a-Service offerings to partners like Telegram, Animoca Brands, and Midnight Network. With definitive documentation underway, this milestone optimizes the capital structure while expanding compute capacity without diluting equity or incurring recourse debt.