Overview
- AlphaTON purchased 576 Nvidia B300 GPUs for confidential compute tied to Cocoon AI, with February delivery and March installation at AtNorth’s hydro-powered Swedish data center.
- The financing mix includes $4 million in cash, $32.7 million in closed non-recourse debt, and $9.3 million in equity to be paid in installments before delivery, with debt service starting after installation.
- ATON shares jumped about 187% in after-hours trading following the announcement and remained sharply higher on Tuesday as investors weighed the scale of the deployment.
- The company announced a $15 million registered direct offering at $1.00 per share, expected to close January 14, with planned use of proceeds for scaling GPU deployments, working capital, and general purposes.
- Managed services will be provided by CUDO Compute and SNET Energy, financing was arranged by Vertical Data and LEAP, and the B300 purchase supersedes a prior plan to buy 1,000+ B200 GPUs while leaving execution risks around payments and deployment timing.