Business UpdateMay 21, 2026, 12:41 PM
Alpha Compute Secures $32.2M Contract, $16.1M Annual Revenue
AI Summary
Alpha Compute Corp. provided a mid-Q2 2026 business update, announcing a significant $32.2 million, two-year contract with a leading AI research firm, boosting annual contracted revenue to $16.1 million. The company successfully brought its ALPHA-01 Blackwell cluster online and is progressing with the ALPHA-02 deployment. Alpha Compute projects $21 million in revenue over the next twelve months and maintains a qualified sales pipeline exceeding $200 million, with the GAMEE acquisition expected to close by May 31, 2026.
Key Highlights
- Secured a $32.2 million, two-year contract with a leading AI research firm.
- Annual contracted revenue increased to $16.1 million, up from $30,000 in Q1 2026.
- ALPHA-01 (Canada) with 504 NVIDIA B200 GPUs is now live for its first enterprise customer.
- ALPHA-02 (Sweden) construction is underway, targeting Q3 2026 go-live with 576 GPUs.
- Projected revenue of $21 million over the next twelve months, including GAMEE acquisition.
- Qualified sales pipeline exceeds $200 million across various AI segments.
- GAMEE acquisition is projected to close by May 31, 2026, pending final audits.
- Cash and cash equivalents stood at $10.2 million as of May 21, 2026.
Price Impact
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