AlphaTON Capital Corp has secured a $46 million infrastructure deal to deploy 576 NVIDIA B300 GPUs, marking its first major foray into confidential compute hardware. The GPUs are destined to scale the decentralized, privacy-focused Cocoon AI network, which operates natively within the Telegram messaging app and is built on the TON blockchain.
The financing for the deal is structured with a $4 million upfront cash payment from AlphaTON, supported by $32.7 million in closed non-recourse debt financing. The remaining $9.3 million will be funded through staggered equity payments. The hardware is scheduled for delivery in February 2026, with full deployment expected by March.
This investment represents a strategic shift for AlphaTON, moving beyond pure token accumulation to include revenue-generating physical assets. "We are adding physical compute assets, strategic partnerships, and revenue-generating infrastructure," stated Chief Investment Officer Enzo Villani, emphasizing the move to position the firm for long-term AI growth cycles while managing market volatility.
The Cocoon AI network rewards participants who contribute GPU power with Toncoin (TON), directly linking infrastructure usage to the TON ecosystem's token economy. This integration aims to leverage Telegram's massive user base of roughly one billion monthly active users as a potential adoption funnel for decentralized AI services.
This hardware expansion builds upon AlphaTON's deepening involvement with the TON ecosystem. The company previously launched a Toncoin-focused treasury strategy, secured $36.2 million in private funding and a $35 million loan from BitGo Prime, and has outlined plans to acquire up to $100 million worth of Toncoin. In December, AlphaTON filed a $420.69 million shelf registration to raise capital for further expansion into TON-linked assets, including AI deployments and mini-apps.
Major institutional investors, including Pantera Capital, Sequoia Capital, CoinFund, Benchmark, and Skybridge, have shown growing interest in the TON ecosystem, with Pantera reportedly making its largest investment of 2024 in Toncoin.
