AlphaTON Capital Corp. (NASDAQ: ATON) announced it has raised net $44 million in capital and begun generating revenue from AI infrastructure operations through Telegram’s Cocoon AI network.
The company closed a $15 million registered direct offering at $1.00 per share, with proceeds allocated to GPU AI infrastructure scaling and working capital. AlphaTON initiated a $46 million investment in AI infrastructure expansion on January 5, 2026, purchasing 576 NVIDIA B300 chips scheduled for delivery in March 2026.
AlphaTON deployed its initial B200 GPU fleet on November 30, 2025, coinciding with Telegram’s Cocoon AI network launch. The company began generating revenue in December from AI inference processing. Additional GPU deployments included H200 GPUs on December 8, 2025, and NVIDIA B300 chips with Supermicro HGX systems on December 15, 2025.
The company executed a five-year enterprise colocation agreement with atNorth AB on December 11, 2025, securing 2.2 MW of computing capacity in Sweden. AlphaTON also signed an agreement with Midnight Foundation in December 2025 as a Founding Federated Node Architecture Provider, which generates monthly revenue.
On January 21, 2026, AlphaTON launched the Claude Connector, combining Anthropic’s Claude AI with TON blockchain technology via Telegram. The company is developing Alpha Liquid Terminal, a trading application for multiple asset classes.
“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.
AlphaTON exited SEC restrictions on December 3, 2025, filing a $420.69 million shelf registration statement that was declared effective December 11, 2025.
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