- AlphaTON Capital Corp. (ATON) plans to acquire and deploy a 1,000-plus NVIDIA B200 GPU cluster valued at about $68 million.
- The investment aims to make AlphaTON a key compute provider for Telegram’s Cocoon AI network.
- The new GPU cluster will also be available for high-performance compute and rental services, creating new revenue streams.
- AlphaTON shares fell by nearly 15% following a filing for the offer and sale of up to $15.31 million in shares.
AlphaTON Capital Corp. (ATON) has announced agreements to purchase and deploy a high-performance computing cluster with over 1,000 Nvidia B200 Graphics Processing Units (GPUs). The total value of the purchase is about $68 million USD. This cluster will be used to support Telegram’s Cocoon AI, a decentralized Artificial Intelligence system focused on privacy.
According to the company, investing in this technology cluster will enable AlphaTON to serve as a major infrastructure provider for Cocoon AI. The Cocoon AI platform is designed to preserve user privacy while utilizing artificial intelligence distributed across a decentralized network. In addition to supporting Cocoon AI, AlphaTON will expand its business by offering high-performance computing and GPU rental services.
On November 25, AlphaTON filed a prospectus supplement with the Securities and Exchange Commission for the potential offer and sale of up to $15.31 million USD of its shares. Following this filing, the company’s shares dropped nearly 15% in early trading.
Nvidia’s B200 GPU is a high-powered processor used for tasks that require fast, large-scale computations, such as artificial intelligence and machine learning workloads. By acquiring these GPUs, AlphaTON seeks to meet the demands of evolving AI applications while creating diversified revenue opportunities. More information about the company’s offering and its involvement with Cocoon AI can be found in the official filing.
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