TON Treasury Company AlphaTON Signs $46 Million Computing Power Agreement with NVIDIA

Techub News reported, according to The Block, Nasdaq-listed TON treasury company AlphaTON Capital has signed a $46 million computing infrastructure agreement to expand its Telegram-based decentralized AI network, Cocoon. The agreement will add 576 Nvidia B300 chips, with delivery expected in February. AlphaTON has invested $4 million in cash and supported the remaining funding through $32.7 million in non-recourse closed-end debt financing and an additional $9.3 million in equity financing (to be paid in installments until full deployment in March). Cocoon is a decentralized AI computing platform developed for Telegram and based on the TON blockchain. AlphaTON plans to deploy GPUs to it to explore new revenue streams.