Alpha Compute's 2nd PA Data Center Site Comes with 75 Oil Wells

Alpha Compute Corp. (ALP) confirmed its 200MW gas-fired AI data center will be in Tioga County, PA. The land and mineral sellers will finance $47M of the $55M purchase price.

Alpha Compute (ALP) secured $47M in seller financing for a 200MW AI data center campus in Pennsylvania. The deal reduces cash needed at closing to $8M, with a 6% interest rate and no lien on data center assets. The company also joined the Pennsylvania Chamber of Business and Industry.

Alpha Compute Corp. (Nasdaq: ALP) said it has begun returning the final tranche of locked and liquid Toncoin (TON, renamed GRAM) to Brisk Thrive and Hogarth Ventures, affiliates of Animoca Brands. The return is about $6 million, removing TON put-option liabilities and winding down its legacy Telegram digital asset treasury. The company will hold only about $200,000 of TON and expects a 12-month revenue run rate of $23 million.

Meta Platforms' stock rose 13% this week following the launch of its Muse AI agent and new hardware. Muse quickly became a top-downloaded iPhone app, offering tasks like email management and travel bookings. Meta also introduced AI glasses and VR glasses, partnering with retailers and entertainment companies. The company has 3.6 billion daily active users.

Alibaba (BABA) plans a next-gen AI model with 5-10 trillion parameters and launched the Zhenwu V900 chip, aiming to expand cloud capacity to 20 gigawatts by 2032. Shares rose 5.1% on the news. AI cloud revenue grew 45% YoY to $7.14B, with AI product revenue at $1.84B, up triple digits for 12 straight quarters. However, AI investments may pressure near-term profitability, with capital expenditures up 75% YoY to $9.98B.

Tesla began high-volume production of its Semi truck in Nevada, delivered the first units, and announced upgrades. The company also secured a record 2,500-unit Semi order. Tesla teased the next-gen Roadster and expanded Superchargers in northern B.C. FSD v14.2 Lite rolled out to HW3 vehicles, and FSD was approved in Czechia. Grok Bot was added to Tesla vehicles for voice-controlled tasks.