Alpha Compute Lands $32.2M Two-Year, 504-GPU Contract with AI Lab
Alpha Compute secured a two-year, $32.2 million compute lease for 504 NVIDIA B200 GPUs at its Canadian data center, delivering $16.1 million in annual recurring revenue and a $7.5 million upfront payment. The agreement marks the company's first enterprise-scale deployment and targets a leading frontier AI research lab with dedicated high-performance compute.
1. Contract Details
Alpha Compute signed a definitive two-year compute lease valued at $32.2 million with a leading frontier AI research laboratory for a dedicated cluster of 504 NVIDIA B200 GPUs in its Canadian data center. The agreement secures $16.1 million in annual recurring revenue and a $7.5 million upfront payment, with the data center powered entirely by hydroelectric energy.
2. Strategic Significance
This marks Alpha Compute’s inaugural enterprise-scale deployment and demonstrates market demand for specialized AI infrastructure outside hyperscaler environments. The NVIDIA B200 GPUs deliver high-performance compute for large-scale model training and inference, underscoring the company's technical capabilities and data sovereignty strengths.
3. Future Outlook
Following this agreement, Alpha Compute is expanding its sales pipeline across North America and Europe, pursuing additional GPU procurement and leasing opportunities with AI labs, sovereign entities, and enterprise customers. The company aims to capitalize on the growing demand for privacy-centric, high-performance GPU-as-a-service solutions.