AlphaTON Capital Raises $43 Million to Expand AI Compute Infrastructure

GateNews
TON0,68%

Gate News, April 10, AlphaTON Capital announced plans to enter into a cooperation agreement with Vertical Data Inc., raising $43 million to expand the AI compute infrastructure. The transaction is expected to be completed in the second quarter of 2026. AlphaTON CEO Brittany Kaiser said the funding will be used to deploy additional NVIDIA B300 GPUs. The core goal is to drive the integration of AI, digital assets, and confidential computing, and to expand the platform’s compute capacity. On the business side, in addition to holding a large amount of TON tokens as treasury assets, AlphaTON is also deeply involved in infrastructure development across the Telegram and TON ecosystems, with key investment areas including Telegram’s decentralized AI platform Cocoon. In terms of background, AlphaTON was transformed and reorganized from the former publicly listed biotechnology company Portage Biotech Inc. The latter previously focused on cancer treatment research, and completed the spin-off of its cancer treatment subsidiary in February this year.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

0G Labs Launches 0G App as Ecosystem Gateway: Decentralized Compute, Verifiable AI, and $0G Token Close Loop

0G Labs launched the 0G App, a no-code platform enabling users to create AI applications through natural language. It combines decentralized computing and AI capabilities, addressing centralization issues while enhancing privacy. This launch aims to boost AI Agent adoption and integrates with 0G's broader AI economy.

GateNews4h ago

Trump's Fed Chair Pick Kevin Warsh Has $131M–$209M Net Worth, Holds Crypto and AI Investments

Kevin Warsh, nominated by Trump for Federal Reserve chair, is the wealthiest candidate in recent history, with a net worth up to $209 million. His diverse investments include Silicon Valley, fintech, and AI. Despite potential conflicts, he has a modern view on digital assets.

GateNews10h ago

South Korea's Elice Group Plans IPO This Year to Fund AI Data Center Construction

Elice Group, a South Korean AI firm, plans to IPO this year to fund next-gen portable modular data centers. With a revenue increase and a focus on cloud services over education, they aim to expand AI solutions and secure GPU procurement projects.

GateNews11h ago

COAI (ChainOpera) surges 35.67% in 24 hours

Gate News message. On April 15, according to Gate market data, as of the time of writing, COAI (ChainOpera) is trading at $0.42. In the past 24 hours, it is up 35.67%, with a highest of $0.58 and a low of $0.31. The 24-hour trading volume is $15.01 million. Its current market cap is approximately $82.91 million. ChainOpera AI is a blockchain-based full-stack AI platform committed to enabling collaborative intelligence through a network of AI agents and models that are jointly created and owned by the community. It integrates three core functions: AI applications for end users, a developer platform for creating agents, and a decentralized infrastructure layer for models and GPU resources—everything built on a unified protocol. The platform is

GateNews16h ago

TAO Falls 6.9% in 24 Hours as Covenant Exit and Market Rotation Weigh on Price

Bittensor's TAO token fell 6.9% to $238.91 amid a week-long decline linked to Covenant AI's exit due to centralized control concerns. Competing AI tokens had smaller declines. Despite the downturn, TAO remains the top AI token by market cap, with Grayscale increasing its allocation.

GateNews21h ago
Comment
0/400
No comments