Mergers & Acquisitions ·
Alpha Compute Corp entered a binding term sheet to acquire mineral, surface, and pore-space assets in northern…
ATONAlpha Compute Corp
Alpha Compute Corp entered a binding term sheet to acquire mineral, surface, and pore-space assets in northern Pennsylvania for $55 million, with a $3 million deposit payable upon execution of definitive agreements. The acquisition supports a planned 200 MW natural gas-powered data center campus, with potential expansion to 1 GW, utilizing on-site Marcellus gas generation at an estimated all-in power cost of $0.0585/kWh. Alpha Compute will serve as the off-taker for the initial capacity subject to due diligence, permitting, and financing conditions. The company operates in the AI infrastructure industry, specializing in GPU-as-a-service and confidential computing.