AlphaTON Capital Advances Strategic Roadmap with Revenue Generation from Confidential Compute AI Infrastructure

Rhea-AI Summary

AlphaTON Capital (Nasdaq: ATON) reported net proceeds of $44 million and says it is generating revenue from AI inference after deploying GPU infrastructure to support Telegram's Cocoon AI. The company initiated a $46 million AI infrastructure purchase for 576 NVIDIA B300 chips (delivery March 2026) and projects a 27% IRR, 282% ROI and $11 million NPV.

AlphaTON also filed a $420.69 million shelf registration, launched the Claude Connector, signed a five-year 2.2 MW colocation deal in Sweden, and established partnerships including Midnight Foundation.

Positive

• Net capital raised of $44 million
• $46 million infrastructure investment for 576 NVIDIA B300 chips
• Projected 27% IRR, 282% ROI, $11M NPV for the deployment
• Began generating revenue from AI inference in December 2025
• $420.69M shelf registration effective for financing flexibility
• 2.2 MW five-year colocated HPC capacity powered by renewable energy

Negative

• B300 cluster delivery scheduled for March 2026, creating execution timing risk
• Projected returns (27% IRR, 282% ROI) are estimates, not realized cash returns
• Closed a $15M registered direct offering at $1.00 per share, implying near-term share issuance

News Market Reaction – ATON

+10.52%

20 alerts

+10.52% Session close to close

+19.8% Peak in 29 hr 24 min

$15.92M Market Cap

0.5x Rel. Volume

In the Jan 28 session, ATON gained 10.52%, reflecting a significant positive market reaction. Argus tracked a peak move of +19.8% during that session. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.5% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +10.5% in the session following this news. A strong positive reaction aligns with the company’s ongoing AI transition, where prior AI‑tagged announcements produced an average move of 12.03%. The update reinforces themes seen in earlier GPU deployments and the Midnight partnership: tangible infrastructure, projected returns like a 27% IRR, and new revenue streams. Investors would still need to weigh financing capacity, including the effective shelf and recent offerings, when assessing durability of any sharp upside move.

Key Figures

Net capital raised: $44 million Registered direct offering: $15 million at $1.00/share AI infrastructure investment: $46 million +5 more

8 metrics

Net capital raised $44 million Capital deployed to fund AI infrastructure and growth initiatives

Registered direct offering $15 million at $1.00/share Recent capital raise; proceeds allocated to GPU AI infrastructure and working capital

AI infrastructure investment $46 million Initiated Jan 5, 2026 for GPU expansion tied to Cocoon AI

NVIDIA B300 chips 576 units Half‑cluster deployment scheduled for delivery in March 2026

Projected IRR 27% Return projection on the $46M AI infrastructure deployment

Projected ROI 282% Expected return on the AI infrastructure investment

Net Present Value $11 million NPV estimate for the AI infrastructure project

Shelf registration size $420.69 million Shelf registration filed after exiting baby‑shelf restrictions

Previous AI Reports

5 past events · Latest: Jan 21 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 21	AI connector launch	Positive	-15.4%	Launched Claude Connector integrating Anthropic’s Claude AI with TON via Telegram.
Jan 20	AI agents agreement	Positive	+23.0%	Signed federated node deal with Midnight Foundation with 20% revenue share and monthly pay.
Jan 12	AI infra expansion	Positive	+1.0%	Closed $46M B300 cluster deal with projected 27% IRR and 282% ROI.
Dec 17	AI biotech platform	Positive	-14.0%	Announced decentralized AI‑native biotech platform focused on rare cancers.
Dec 8	H200 deployment	Positive	+6.7%	Deployed first NVIDIA H200 GPUs and launched #OwnYourNode fractional GPU program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent AI news has produced mixed reactions, with both strong gains and sharp sell‑offs despite generally positive operational updates.

Recent Company History

Over the past two months, AlphaTON has issued multiple AI‑focused updates tied to the Telegram and Cocoon ecosystems. On Dec 8, 2025, it deployed NVIDIA H200 GPUs and launched the #OwnYourNode program, followed by a decentralized AI‑native biotech platform plan on Dec 17, 2025. In January 2026 it closed a $46M B300 infrastructure deal (Jan 12), signed a privacy‑preserving AI agents agreement with Midnight Foundation (Jan 20), and launched the Claude Connector (Jan 21). Today’s roadmap update extends this AI infrastructure and revenue‑generation trajectory.

Key Terms

registered direct offering, shelf registration statement, Net Present Value, IRR, +2 more

6 terms

registered direct offering financial

"Recent Capital Raise: Closed $15 million registered direct offering at $1.00 per share."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

shelf registration statement regulatory

"filing a $420.69 million shelf registration statement, declared effective December 11, 2025."

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

Net Present Value financial

"projected to deliver a 27% IRR, 282% ROI, and a Net Present Value of $11 million."

Net present value is a way to measure the value of a future amount of money today. It considers how money available in the future is worth less than money now because of potential earning opportunities or inflation. Investors use it to decide whether an investment is worthwhile, aiming for projects with positive net present value, meaning they are expected to generate more value than they cost.

IRR financial

"projected to deliver a 27% IRR, 282% ROI, and a Net Present Value of $11 million."

IRR (Internal Rate of Return) is the annualized percentage return an investment is expected to produce based on its projected series of cash outflows and inflows; mathematically, it’s the rate that makes the present value of those cash flows balance to zero. Investors use IRR to compare and rank projects or investments—similar to comparing the interest rates on savings accounts—to judge which offers the best return for the time and risk involved.

View in glossary

ROI financial

"projected to deliver a 27% IRR, 282% ROI, and a Net Present Value of $11 million."

Return on investment (ROI) measures how much money an investor makes or loses relative to the amount they put in, expressed as a percentage. It helps compare the efficiency of different investments—like checking which of several gardens produced the most fruit for the seeds planted—so investors can decide which opportunities deliver the best payoff for the risk and capital they commit.

View in glossary

GPU technical

"expanded its AI infrastructure deployment, and is establishing additional revenue-generating partnerships"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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AlphaTON Raised Net $44 Million in Capital and is Generating Revenue with AI Infrastructure from Telegram’s Cocoon AI

New York, NY, Jan. 28, 2026 (GLOBE NEWSWIRE) -- AlphaTON Capital Corp. (Nasdaq: ATON) ("AlphaTON" or the "Company"), the world's leading public technology company scaling the Telegram super-app with an addressable market of one billion monthly active users, today provided a comprehensive update on strategic initiatives. The Company has raised net $44 million in capital, expanded its AI infrastructure deployment, and is establishing additional revenue-generating partnerships that position AlphaTON as a foundational infrastructure provider for privacy-preserving artificial intelligence.

Balance Sheet Update & Capital Markets Activity

AlphaTON has executed a disciplined capital strategy to fund infrastructure expansion while maintaining financial flexibility:

• Recent Capital Raise: Closed $15 million registered direct offering at $1.00 per share. Majority of net proceeds are allocated to GPU AI infrastructure scaling for Cocoon AI and working capital for the Company.
• Infrastructure Investment: Initiated a $46 million investment in AI infrastructure expansion on January 5, 2026, for a total of 576 NVIDIA B300 chips. This deployment, scheduled for delivery in March 2026, is projected to deliver a 27% IRR, 282% ROI, and a Net Present Value of $11 million.
• SEC Compliance Milestone: Exited SEC "baby-shelf" restrictions on December 3, 2025, filing a $420.69 million shelf registration statement, declared effective December 11, 2025. This provides enhanced financing flexibility for strategic acquisitions and infrastructure deployment.

AI Infrastructure Deployment & Revenue Generation

AlphaTON has rapidly deployed GPU infrastructure to capture the emerging opportunity in privacy-preserving AI compute:

• Cocoon AI Network Launch: Successfully deployed initial B200 GPU fleet on November 30, 2025, coinciding with Telegram's official Cocoon AI network launch. The Company began generating revenue in December from AI inference processing.
• Advanced GPU Deployments: Deployed H200 GPUs on December 8, 2025, and secured first NVIDIA B300 chips with Supermicro HGX systems via Atlantic AI partnership on December 15, 2025. Launched #OwnYourNode program enabling retail and institutional access to fractionalized GPU ownership. Signed purchase order for first half cluster of 576 x B300s for delivery in March 2026. 
• Data Center Infrastructure: Executed five-year enterprise colocation agreement with atNorth AB on December 11, 2025, securing 2.2 MW of high-performance computing capacity in Sweden powered by 100% renewable power.

Strategic Partnerships & Technology Integration

AlphaTON has established partnerships that are expected to create additional revenue streams and vertically integrate into the Company’s Confidential Compute AI Infrastructure:

• Midnight Foundation Partnership: Signed definitive agreement effective December 2025 establishing AlphaTON as a Founding Federated Node Architecture Provider for privacy-preserving AI. Agreement generates immediate monthly revenue and includes reimbursement for documented network growth costs.
• Claude Connector Launch: Launched AlphaTON Claude Connector on January 21, 2026, an open-source platform combining Anthropic's Claude AI with TON blockchain technology via Telegram. The solution enables mainstream users to manage digital assets through natural-language conversations.
• Alpha Liquid Terminal: Developing Agentic trading and monitoring application that will utilize agents to seek best execution across multiple asset classes including tokenized securities, cryptocurrencies, equities, private shares and real world assets. 

Management Commentary

"Since our November 2025 update, AlphaTON has systematically executed our strategy to transform from a passive digital asset holder into an active infrastructure operator generating recurring revenue," said Brittany Kaiser, Chief Executive Officer of AlphaTON Capital. "The net $44 million in capital deployed has positioned us at the forefront of the privacy-preserving AI infrastructure market. Our GPU deployments are generating revenue today, our partnerships with Midnight Foundation and others create scalable revenue models, and we've secured institutional-grade data center capacity to support continued growth. We are building tangible, revenue-generating assets that we believe will drive significant long-term value for the company."

"Since taking over this Nasdaq listed company as management, over the past two months this team has demonstrated our ability to move decisively and deploy capital efficiently," commented Enzo Villani, Executive Chairman and Chief Investment Officer. "We are much more than a digital asset treasury company, we have taken the mantle to develop a vertically integrated Telegram ecosystem company that combines AI and decentralized blockchain infrastructure on Telegram’s exclusive blockchain, develop, partner and acquire applications successfully deployed on Telegram, and integrate them to provide additional value to the over 1 billion users on Telegram.” 

Brittany Kaiser, CEO commented, “Our strategy is simple, build a company that supports Telegram because our mission is focused on the future of privacy-protection and digital identity sovereignty. In our world, owning your ideas and concepts developed with AI is protected, and our goal is to deliver an alternative to centralized technology companies that exploit the user and their information, come join us!” 

About AlphaTON Capital Corp. (Nasdaq: ATON)

AlphaTON Capital Corp (NASDAQ: ATON) is the world's leading public technology company scaling the Telegram super app, with an addressable market of 1 billion monthly active users, while managing a strategic reserve of digital assets. The Company implements a comprehensive M&A and treasury strategy that combines direct digital asset acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders. Through its operations, AlphaTON Capital provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram's billion-user platform while maintaining the governance standards and reporting transparency of a Nasdaq-listed company. Led by Chief Executive Officer Brittany Kaiser, Executive Chairman and Chief Investment Officer Enzo Villani, and Chief Business Development Officer Yury Mitin, the Company's activities span network validation and staking operations, development of Telegram-based applications, and strategic investments in TON-based decentralized finance protocols, gaming platforms, and business applications.

AlphaTON Capital Corp is incorporated in the British Virgin Islands and trades on Nasdaq under the ticker symbol "ATON". AlphaTON Capital, through its legacy business, is also advancing first-in-class therapies targeting known checkpoint resistance pathways to achieve durable treatment responses and improve patients' quality of life. AlphaTON Capital actively engages in the drug development process and provides strategic counsel to guide the development of novel immunotherapy assets and asset combinations. To learn more, please visit https://alphatoncapital.com/.

Forward-Looking Statements

All statements in this press release, other than statements of historical facts, including without limitation, statements regarding the Company’s business strategy, plans and objectives of management for future operations and those statements preceded by, followed by or that otherwise include the words “believe,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “plans,” “potential,” “continues,” or similar expressions or variations on such expressions are forward-looking statements. Forward-looking statements include statements concerning, among other things, the Company’s projections for its AI infrastructure expansion deployment; the Company’s expectations that its partnerships will create additional revenue streams and vertically integrate into the Company’s Confidential Compute AI Infrastructure; the Company’s belief that the assets it is building will drive significant long-term value; and other statements that are not historical fact. As a result, forward-looking statements are subject to certain risks and uncertainties, including, but not limited to: the timing, progress and results of the Company’s strategic initiatives, the Company’s reliance on third parties, the risk that the Company may not secure additional financing or TON, the uncertainty of the Company’s investment in TON, the uncertainty around the Company’s legacy business, the operational strategy of the Company, the Company’s executive management team, risks from Telegram’s platform and ecosystem, the potential impact of markets and other general economic conditions, and other factors set forth in “Item 3 – Key Information-Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2025 and included in the Company’s Form 6-Ks filed with the Securities and Exchange Commission on September 3, 2025 and January 13, 2026. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

Investor Relations:

John Ragozzino, CFA
AlphaTON@icrinc.com
(203) 682-8200

Media Inquiries:

Richard Laermer
RLM PR
AlphaTON@rlmpr.com
(212) 741-5106 X 216

Richard Laermer
AlphaTON (at) rlmpr.com

FAQ

How much capital did AlphaTON (ATON) raise in January 2026?

AlphaTON raised a net $44 million in capital, including a $15 million registered direct offering. According to the company, most proceeds are allocated to GPU AI infrastructure scaling and working capital to support Cocoon AI deployments.

Is AlphaTON (ATON) generating revenue from its AI infrastructure yet?

Yes. AlphaTON began generating revenue from AI inference processing in December 2025. According to the company, initial GPU deployments coincided with Telegram's Cocoon AI launch and produced early, recurring inference revenue.

What are the financial projections for AlphaTON's 576 B300 GPU deployment (ATON)?

The 576 B300 deployment is projected to deliver a 27% IRR and 282% ROI with a $11 million NPV. According to the company, these figures reflect the estimated returns from the planned March 2026 delivery and operation.

What financing flexibility does AlphaTON (ATON) have after December 2025?

AlphaTON filed and had effective a shelf registration for $420.69 million. According to the company, this shelf provides enhanced flexibility for strategic acquisitions, offerings, and infrastructure financing going forward.

Where will AlphaTON host its high-performance compute capacity for Cocoon AI (ATON)?

AlphaTON executed a five-year colocation agreement for 2.2 MW of capacity in Sweden. According to the company, the facility is powered by 100% renewable energy to support its GPU infrastructure.

What partnerships did AlphaTON (ATON) announce to support Confidential Compute AI?

AlphaTON signed with Midnight Foundation as a Founding Federated Node Architecture Provider and launched a Claude Connector on January 21, 2026. According to the company, these partnerships create immediate monthly revenue and technology integration opportunities.