ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, June 05, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) (“Alpha Compute” or the “Company”), a pioneering technology leader in AI GPU-as-a-Service (GPUaaS) and AI Confidential Compute, today provided a comprehensive business update covering operational, commercial, and financial progress for the period ended June 4, 2026. The Company enters this reporting period with growing momentum across every dimension of its strategy: enterprise-grade GPU infrastructure is fully operational and revenue-generating, the “Own Your Data” brand campaign is live on three major financial networks (CNBC, FOX Business News, Newsmax), and the acquisition of GAMEE has added one of the world’s largest Telegram-native gaming platforms to Alpha Compute’s ecosystem. Collectively, these developments mark the Company’s transition from infrastructure buildout to operating scale. As of the period ended June 4, 2026, Alpha Compute’s balance sheet (unaudited figures) reflects the cumulative impact of its GPU infrastructure deployments, the GAMEE acquisition closing, and ongoing capital formation activities: Total Assets: $79.2 million Total Liabilities: $44.4 million (including $34.4 million of GPU leases and data center leases) Total Equity: $34.8 million Projected Annual Revenue (run-rate): $23 million This balance sheet profile reflects the cumulative effect of the Company’s first GPU cluster deployment—ALPHA-01 in Canada. REVENUE GROWTH Revenue growth has been sharp. Alpha Compute entered Q1 2026 with approximately $30,000 in quarterly contracted revenue. Following the May 2026 closing of the $32.2 million, two-year off-take agreement with a leading frontier AI research laboratory—providing $16.1 million in Annual Recurring Revenue from a dedicated cluster of 504 NVIDIA B200 GPUs—the Company has projected annualized revenue run-rate of approximately $23 million. GPU INFRASTRUCTURE: ALPHA-01 AND ALPHA-02 DEPLOYMENTS Alpha Compute operates its GPU infrastructure under two flagship deployment programs: ALPHA-01 — Canada (Live): The Company’s inaugural enterprise-scale Blackwell cluster consists of 504 NVIDIA B200 GPUs and went live for its first enterprise customer in May 2026. The deployment is 100% powered by hydroelectric energy. Under the terms of the binding two-year off-take agreement, a leading frontier AI laboratory has reserved exclusive access to the cluster to accelerate its next-generation model development. The $7.5 million upfront reservation payment secured compute capacity through the full contract term. ALPHA-02 — Sweden (In Progress, 576 NVIDIA B200s): Alpha Compute’s second GPU deployment is in progress, which will add 576 NVIDIA B200 GPUs to its operational fleet once completed. Like ALPHA-01, this cluster is powered entirely by hydroelectric energy, consistent with the Company’s commitment to sustainable, renewable-powered AI infrastructure. Combined with ALPHA-01, Alpha Compute will operate over 1,000 Blackwell-generation GPUs across two facilities. “This is a defining moment for Alpha Compute, confirming our belief that there is a massive global appetite for sovereign, specialized AI infrastructure. Finalizing a $32.2 million deal with a leading AI research firm is a testament to our technical excellence, our robust Canadian data center presence, and the trust our clients have in our enterprise-grade delivery. We are establishing the foundation for the future AI economy.” — Brittany Kaiser, Chief Executive Officer, Alpha Compute Corp. “Our primary objective at Alpha Compute is the delivery of AI compute infrastructure to meet the needs of this rapidly expanding market. While hyperscalers prioritize massive-scale projects, our focus remains on edge computing and renewable energy to ensure a future that is both sustainable and secure. While the market price does not reflect our current value, we will continue to expand through revenue generation, asset accumulation and mergers and acquisitions.” — Enzo Villani, Executive Chairman and Chief Investment Officer, Alpha Compute Corp. “OWN YOUR DATA” — NATIONAL MEDIA CAMPAIGN Alpha Compute has launched “Own Your Data,” a national brand and awareness campaign airing during the NYSE and NASDAQ Market Opens and Market Closes on CNBC, Fox Business News, and Newsmax. The campaign represents a significant step in Alpha Compute’s effort to build public understanding of data sovereignty, digital surveillance, and the role of confidential computing in protecting individuals in the AI economy. The campaign confronts an uncomfortable truth: the connected devices that furnish modern life—smart televisions, video doorbells, baby monitors, and home assistants—frequently function as if they can act less like products you own and more like data pipelines for the companies that made them. By reframing these devices as involuntary participants in mass data collection, Alpha Compute’s “Own Your Data” messaging challenges consumers to reco