AlphaTON Capital has rebranded as Alpha Compute Corp., with its common shares now trading on Nasdaq under the ticker ALP, as the company shifts its public market identity toward AI GPU as a service and confidential compute infrastructure.
Alpha Compute said the name change reflects rising demand for scalable AI infrastructure built around privacy preserving workloads.
The rebrand gives a cleaner label to a strategy the company had already been building for months. In a January update filed with the SEC, AlphaTON said it had raised net $44 million in capital, was generating revenue from confidential compute infrastructure, and had deployed GPU capacity tied to Telegram’s Cocoon AI launch. That filing also outlined a broader infrastructure push centered on Nvidia B200 and B300 systems.
Alpha Compute is entering the rebrand with several recent deals already underway. The company said its existing obligations remain unchanged, including a $43 million AI infrastructure and financing partnership with Vertical Data, support for Telegram’s Cocoon AI, and the GAMEE acquisition.
Animoca Brands said in March that AlphaTON had agreed to acquire a 60% controlling interest in GAMEE, a gaming platform with 119 million registered users, in a deal intended to expand its Telegram ecosystem reach.
The rebrand also comes as the company faces Nasdaq listing pressure. In a March 2 filing, AlphaTON said it received a deficiency notice after its shares closed below $1 for 30 straight business days, leaving it until August 31, 2026 to regain compliance. In that context, the move to Alpha Compute appears designed to sharpen its market identity around AI infrastructure rather than its earlier Telegram linked investment narrative.