Alpha Compute Wins $32.2 Million AI Contract, Plans 1,000 GPU Scale-Up and GAMEE Acquisition
CRWV•Alpha Compute secured a $32.2 million AI lab contract for a 504-GPU cluster delivering $16.1 million annually and holds ROFRs to scale to over 1,000 GPUs supporting $72 million in revenue. The company raised $43 million GPU financing and a $31.9 million loan, will buy GAMEE for up to $11 million to add a consumer channel.
1. Enterprise AI Lab Contract
Alpha Compute signed a two-year, $32.2 million deal with a leading AI research lab for a dedicated 504-GPU NVIDIA B200 cluster in its hydroelectric-powered Canadian data center. The agreement guarantees $16.1 million in annual contracted revenue and provides exclusive high-performance compute access for next-generation model development.
2. Multi-Cluster Expansion Roadmap
The company holds rights of first refusal to expand the Canada site to over 1,000 B200 GPUs under ALPHA-03 and is building a 576-GPU B300 cluster in Sweden under ALPHA-02, targeting go-live in 3Q26. Fully deploying ALPHA-01 through ALPHA-04 could support approximately $72 million of annual revenue.
3. Asset-Backed Financing Strategy
On April 9, 2026, Alpha Compute secured a $43 million GPU hardware and financing agreement and later arranged a $31.9 million non-recourse senior secured loan backed by Dell B300 assets. As of May 21, GPU lease liabilities reached $26.6 million, reflecting its shift to asset-specific funding for scalable infrastructure growth.
4. GAMEE Acquisition and Consumer Channel
The company agreed to acquire a 60% stake in GAMEE for up to $11 million, valuing the platform at $18 million enterprise value. GAMEE reported $926,000 in 1Q26 revenue (up 56% year-over-year), 1.7 million MAUs and integration with Telegram, providing a consumer engagement funnel for AI-enabled applications.
