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.

Alpha Compute Corp. announced that Enzo Villani, currently the Executive Chairman and Chief Investment Officer, has been appointed to serve as President of the Company, effective July 16, 2026. Mr. Villani will continue to perform his Chief Investment Officer duties under a newly formed President's Office, while also taking on broader responsibility for corporate strategy, capital allocation, and and operational execution. Alpha Compute Corp. is a high-performance GPU infrastructure and confidential-compute technology company serving the artificial intelligence economy.