Aug. 20 at 1:50 PM
$ALP the reason why I'm bothered by the omission of Alpha 2 yesterday…
The ALPHA-02 hardware deal itself dates to January 5, 2026.
On that date, ALP entered into the purchase agreement with Vertical Data for 72 Dell XE9780-B300 servers containing 576 NVIDIA B300 GPUs, for a total purchase price of approximately
$40.9 million. They paid
$2 million that day and ultimately increased the deposits to about
$8.6 million. The SEC filing confirms those details.
The Sweden data-center agreement actually came slightly earlier: December 11, 2025, when they signed the colocation agreement with atNorth for the Kista, Sweden facility.
Then on April 22, 2026, they announced the binding
$31.9 million non-recourse financing term sheet intended to fund the remaining ALPHA-02 GPU/infrastructure acquisition.
And that’s why August matters right now: according to their most recent 20-F, those 576 GPUs were specifically projected to be delivered and installed this month.
