Alpha Compute Corp Secures $31.9 Million Non-Recourse GPU Loan

Alpha Compute Corp executed a binding term sheet for a $31.9 million non-recourse loan facility on April 22, 2026. The financing is secured by Dell B300 Nvidia graphics processing units and associated facility build-outs, limiting the undisclosed institutional lender's remedies to the pledged hardware in the event of a default.

The company plans to use the proceeds for networking, AI infrastructure, and the expansion of data centers. Specifically, the funds will support a strategic build-out at Equinex/AtNorth in Sweden.

CEO Brittany Kaiser described the facility as a disciplined and innovative approach to financing the company's AI infrastructure. She stated that leveraging the asset value of Nvidia GPUs as collateral allows the firm to scale compute capacity in a capital-efficient manner while preserving flexibility across its balance sheet.