AlphaTON Capital (ATON) announced it has entered into agreements to acquire and deploy a 1,000+ Nvidia (NVDA) B200 GPU high-performance compute cluster valued at approximately $68M. The transaction will be financed through a strategic capital structure consisting of: $30M in equity capital from AlphaTON Capital Corp.; $52.5M in debt financing to be facilitated by Vertical Data’s GPU Financing division; Total project capitalization of approximately $82.5M; Total of $70M of high-value Nvidia hardware assets added to the balance sheet. The debt facility facilitated by Vertical Data to be fully amortized over 36 months, with the project maintaining debt service coverage ratios above 1.0x throughout the amortization schedule. The compute cluster will be held as a revenue-generating hard asset on AlphaTON’s balance sheet.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATON:
- AlphaTON Capital announces $82.5M GPU infrastructure investment
- AlphaTON Capital Initiates $15.3M ATM Offering
- AlphaTON Capital to accumulate Telegram Bonds for treasury
- AlphaTON Capital submits offer to acquire majority stake in Forbes Media
- AlphaTON Capital Clarifies Equity Line and Expands Strategic Initiatives