Dover, DE — November 26, 2025 — Leads & Copy —AlphaTON Capital Corp. (Nasdaq: ATON) has announced agreements to acquire and deploy a high-performance compute cluster featuring over 1,000 Nvidia B200 GPUs, valued at approximately $68 million. The investment aims to position AlphaTON as a key compute provider for Telegram’s Cocoon AI, a decentralized, privacy-preserving artificial intelligence network, and to diversify revenue through high-performance compute and GPU rental services.
The transaction will be financed through a strategic capital structure:
- $30 million in equity capital from AlphaTON Capital Corp.
- $52.5 million in debt financing facilitated by Vertical Data’s GPU Financing division.
- The total project capitalization is approximately $82.5 million, including additional working capital and deployment costs.
- The debt facility facilitated by Vertical Data is to be fully amortized over 36 months, with the project maintaining debt service coverage ratios above 1.0x throughout the amortization schedule.
- Total of $70M of high-value Nvidia hardware assets added to the balance sheet.
AlphaTON has partnered with CUDO Compute, a European NVIDIA Cloud Partner (NCP), to handle the GPU infrastructure’s deployment and operations. CUDO will oversee cluster installation, workload management, and lifecycle operations, while also providing the commercialization engine through its GPU marketplace and AI services platform. SNET Energy UK Ltd will provide expertise in sustainable-power data center development and AI infrastructure optimization. Vertical Data will provide the GPU cluster and deployment services, and hardware sourcing.
The compute cluster will operate at 90% target utilization, serving dedicated workloads for Cocoon AI and external GPU rentals, and will feature 1,000+ Nvidia B200-class GPUs. The infrastructure is designed with a modular, upgradable architecture. AlphaTON Capital announced the successful completion of a pilot program utilizing Telegram’s Cocoon AI infrastructure on November 25, 2025.
The investment is projected to yield a 59.7% IRR, a $59.6 million NPV, a 5x equity multiply, a 615% ROI, and a total cash return of $150 million over five years. Revenue projections incorporate conservative assumptions, including annual price compression, utilization rates, and operating cost inflation. The financial Model demonstrates consistent EBITDA margin ranging from 64-73% over five year forecast horizon, with Year 1 gross profit margins of 32%.
AlphaTON Capital is committed to an “AI For Good” mandate, prioritizing ethical access, user data sovereignty, and environmental responsibility. CEO Brittany Kaiser stated that the investment supports a compute layer where user data remains encrypted and private.
AlphaTON’s GPU cluster provides Cocoon AI with:
- Guaranteed Performance and Uptime
- Data Sovereignty
- Infrastructure Independence
- Economic Value Capture
Key Milestones:
- Q4 2025: Transaction close, establishment of asset holding structure, Cocoon AI testing and launch on first fleet of machines
- Q1 2026: Hardware delivery, workload validation, performance benchmarking, security audits, and soft launch for Cocoon AI inference
- Q2 2026: Implementation of full Cocoon AI workloads, expansion of cluster orchestration capabilities and planned expansion with 2-4 additional clusters
AlphaTON Capital, a digital asset technology company focused on the Telegram and TON ecosystem, is led by Chief Executive Officer Brittany Kaiser, Executive Chairman and Chief Investment Officer Enzo Villani, and Chief Business Development Officer Yury Mitin.
Investor Relations Contact:
AlphaTON Capital Corp
AlphaTON@icrinc.com
(203) 682-8200
Media Inquiries Contact:
Richard Laermer
RLM PR
AlphaTON@rlmpr.com
(212) 741-5106 X 216
Richard Laermer AlphaTON@rlmpr.com
Source: AlphaTON Capital Corp.
