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

Techub News reports that, 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, which are expected to be delivered in February. AlphaTON has invested $4 million in cash and secured the remaining funding through $32.7 million in non-recourse closed debt financing and an additional $9.3 million in equity financing (installments paid through March for full deployment). Cocoon is a decentralized AI computing platform developed for Telegram, based on the TON blockchain, and AlphaTON plans to deploy GPUs to expand new revenue streams.