Alpha Compute signs conditional term sheet for Pennsylvania data center
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Alpha Compute Signs Binding Term Sheet for Planned 200 MW Natural Gas-Powered Data Center Campus in Pennsylvania, with Potential Expansion to 1 GW
August 11, 2026 1:54 PM EDTROADTOWN, Tortola, BVI, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a technology pioneer in AI Confidential Compute and GPU-as-a-service (GPUaaS), today announced that it has entered into a Binding Term Sheet covering the acquisition of mineral, surface and pore-space assets in northern Pennsylvania, and the offtake of power and data center capacity from the resulting planned data center campus (the "PA project).
The Binding Term Sheet grants Alpha Compute Management, LLC, a subsidiary of Alpha Compute, an exclusive option to acquire the assets at a base purchase price of... More
