Alpha Compute Corp. Completes Wind-Down of Legacy Digital Asset Treasury, Returns TON Holdings

About this update from Alpha Compute Corp

Company Exits the Token-Treasury Model in Favor of a Compute-First Balance Sheet; Will Hold Telegram GRAM Solely as Earned Consideration for Confidential Compute Delivered on Telegram's Cocoon AI Network; Reaffirms Long-Term Commitment to Telegram and Its One Billion+ Users as a Web3 Compute Provider ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, July 10, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (Nasdaq: ALP) ("Alpha Compute" or the "Company"), a technology leader in AI GPU-as-a-Service (GPUaaS) and AI Confidential Compute, today announced that it has initiated the return of the final tranche of locked and liquid Toncoin (TON, now named GRAM) holdings to Brisk Thrive and Hogarth Ventures, affiliates of Animoca Brands.   The return is approximately $6 million worth of TON (GRAM) and removes the liabilities tied to the TON Put Options, completing the orderly wind-down of the Company's legacy Telegram-focused Digital Asset Treasury (DAT) and formally closing that line of business. With this step complete, Alpha Compute no longer holds digital assets as a balance-sheet treasury position.   From this point forward, the Company will hold Telegram GRAM tokens solely as earned consideration for the AI confidential compute it delivers to Telegram's Cocoon AI network—tying any token exposure directly to contracted work performed rather than to a speculative investment thesis.  The move completes the Company's transformation from the treasury-oriented model of its predecessor, AlphaTON Capital Corp., into an operating company built around sovereign AI compute infrastructure.  CLOSING THE TREASURY ERA The Digital Asset Treasury was a structural feature of the Company's prior identity as AlphaTON Capital Corp., when holding Telegram-ecosystem tokens on the balance sheet was central to the business model. Following the April 20, 2026 rebrand to Alpha Compute Corp. and the Company's full strategic pivot to GPU-as-a-Service and confidential computing, the DAT became the last remaining vestige of that capital-vehicle structure.  Today's announcement retires it. The Company will hold only a minor amount of $200,000 worth of TON after this transaction, which is being returned to the final legacy shareholder as permitted through Telegram's Novation agreements.   A COMPUTE-FIRST BALANCE SHEET  The change is more than cosmetic. Under the treasury model, the Company carried digital assets whose value fluctuated independently of operations, introducing mark-to-market volatility unrelated to the performance of the underlying compute business. By exiting that position, Alpha Compute removes speculative token exposure from its balance sheet and aligns its financial profile with what its shareholders are backing: a revenue-generating AI infrastructure company. 

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