Alpha Compute executes term sheet for a $31.9M non-recourse loan facility

Alpha Compute (ALP) announced the execution of a binding term sheet for a $31.9M non-recourse loan facility secured by B300 Nvidia graphics processing units, or GPUs. The transaction marks a significant milestone in the company’s strategy to scale its AI compute capabilities while optimizing its capital structure. The executed term sheet, entered into with an undisclosed institutional lender, establishes the parameters for a structured credit facility. In this facility, the collateral is strictly limited to the underlying Nvidia GPU assets and the facility’s build-out. Given the non-recourse nature of the financing, the lender’s remedies upon any event of default are exclusively restricted to the pledged hardware, precluding any recourse to the Company’s other assets, equity, or general creditworthiness. Proceeds from the facility are expected to be used for AI infrastructure / data center expansion / networking, supporting Alpha Compute’s long-term growth initiatives.