Alpha Compute signs $32.2 million GPU lease contract with frontier AI lab
PUBT · 2d ago
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- Alpha Compute closed a two-year lease agreement valued at $32.2 million with an unnamed frontier AI laboratory for dedicated GPU capacity.
- Contract expected to generate $16.1 million in annual recurring revenue, with a $7.5 million upfront payment tied to a two-year capacity reservation.
- Deal covers a dedicated cluster of 504 NVIDIA B200 GPUs at a Canadian data center powered by 100% hydroelectric energy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alpha Compute Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605120930PRIMZONEFULLFEED9718278) on May 12, 2026, and is solely responsible for the information contained therein.
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