Alpha Compute signs $55M deal for land and gas rights in Pennsylvania to build 200 MW data center campus

Alpha Compute Corp is spending $55 million to acquire land and gas rights in Pennsylvania, where it plans to build a 200-megawatt data center campus. The deal marks one of the more aggressive moves by the Nasdaq-listed company as it races to expand its physical footprint in the AI infrastructure space. Alpha Compute, which trades on Nasdaq under the ticker ALP, positions itself as a GPU-as-a-Service provider specializing in confidential computing. The company is headquartered in the British Virgin Islands but operates offices across New York, Los Angeles, Miami, Amsterdam, and Toronto. The Pennsylvania acquisition comes shortly after the company signed a $32.2 million compute off-take agreement with a frontier AI lab. That two-year deal is expected to generate annual recurring revenue of $16.1 million, powered by 504 NVIDIA B200 GPUs. No specific location within Pennsylvania, construction timeline, or detailed power sourcing plans have been disclosed yet. But the combination of land and gas rights in a single transaction points toward a vertically integrated approach where the company controls both the facility and at least some of its energy supply. Pennsylvania’s AI infrastructur...