Overview
- The company said Monday the new name is live and the stock now trades as ALP on Nasdaq.
- Alpha Compute frames the shift around confidential computing, which uses hardware enclaves to keep data encrypted even while AI models process it.
- The firm says it is building with Nvidia’s Blackwell GPUs (B200 and B300) and has binding agreements covering the deployment of more than 1,000 units.
- Existing deals carry over under the new name, including a $43 million infrastructure and financing partnership with Vertical Data, support for Telegram’s Cocoon AI, and the planned GAMEE acquisition.
- The company cites earlier progress, including a net $44 million raise reported in January and revenue from confidential compute, while it still faces a Nasdaq compliance deadline of August 31, 2026 after a sub-$1 share price notice.