Alpha Compute Signs Term Sheet for PA Assets, 200 MW Data Center

Alpha Compute Corp. entered a binding term sheet to acquire mineral, surface, and pore-space assets in northern Pennsylvania, facilitating a planned 200 MW natural gas-powered data center campus, with potential expansion to 1 GW. The exclusive option to acquire these assets is priced at $55 million, with a $3 million deposit. This greenfield project aims to leverage on-site Marcellus gas for behind-the-meter generation, targeting an all-in power cost of approximately $0.0585/kWh, significantly below regional rates. The company emphasizes community integration and environmental standards, with the project potentially adding $2.08 billion to the county's taxable assessed value.