TLDR
- AlphaTON Capital reports that Telegram’s Cocoon AI network has started generating revenue.
- The company has deployed an initial fleet of GPUs to support AI inference workloads on Cocoon.
- AlphaTON plans to expand its GPU infrastructure with over 570 NVIDIA B300 GPUs by March.
- The company projects a 27% internal rate of return and over $11 million in net present value.
- AlphaTON has raised $44 million in capital, including a $15 million direct offering.
- The proceeds from the offering will be directed toward expanding AI infrastructure and working capital.
AlphaTON Capital Corp. announced that Telegram‘s Cocoon AI network has begun generating revenue. This marks a shift for the company from managing a passive token treasury to actively operating revenue-generating AI infrastructure. The update comes after AlphaTON secured a $46 million infrastructure deal related to Cocoon, Telegram’s confidential compute network built on the TON blockchain.
AlphaTON Expands GPU Infrastructure for Cocoon AI
In December, AlphaTON started generating revenue by deploying an initial fleet of GPUs to support AI inference workloads on Telegram’s Cocoon network. The company then expanded its infrastructure with additional high-performance chips to meet growing demand. According to the company, they are planning to deploy over 570 NVIDIA B300 GPUs by March.
AlphaTON projects an internal rate of return of 27% and estimates a net present value of more than $11 million from this expansion. However, the company did not disclose its current revenue figures. Despite this, AlphaTON remains optimistic about its revenue-generating potential from Cocoon AI’s growing GPU infrastructure.
Alongside the infrastructure update, AlphaTON raised $44 million in capital, including a $15 million registered direct offering. The offering was priced at $1.00 per share, and the company plans to use the proceeds for expanding its AI infrastructure and working capital. These funds will further support the rollout of additional GPUs and the development of AlphaTON’s AI strategy.
AlphaTON also highlighted partnerships aimed at expanding its confidential compute capabilities. This includes an agreement with Midnight Foundation that is expected to generate recurring monthly revenue from network participation. The company also announced the launch of the “Claude Connector,” which integrates Anthropic’s AI models with Telegram’s TON network.
Future Expansion Plans with Nordic Data Center Agreement
To continue its growth, AlphaTON secured a five-year agreement with Nordic data center operator atNorth. This deal ensures access to 2.2 megawatts of renewable-powered capacity for high-performance computing workloads. The new partnership will help AlphaTON meet its expanding infrastructure demands and support the scaling of Cocoon AI.
Despite the growth in revenue and capital raised, AlphaTON’s stock remains low. Shares were trading under $0.70, a significant drop from the $7 level seen in early October. Despite this, the company continues to focus on expanding its AI infrastructure and increasing its revenue streams tied to Cocoon.
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