ALPHA COMPUTE (ALP) Buys Pennsylvania Oil and Gas Assets for $5.5 Million
The Nasdaq-listed AI infrastructure company signed binding agreements for 300-plus acres of surface, mineral and gas rights plus 75 producing wells.
Alpha Compute Corp. (ALP) said it has executed definitive real estate and asset purchase agreements in Pennsylvania, securing more than 300 acres of surface, mineral and gas rights across the Utica and Marcellus shale formations for a stated purchase price of $5.5 million. The company, which describes itself as a vertically integrated player in AI Confidential Compute and GPU-as-a-service, wants the land and the energy underneath it to power a planned data center.
