AlphaTON Capital Corp. (NASDAQ:ATON) rebranded as Alpha Compute Corp. on Monday, with shares set to begin trading under the new ticker “ALP,” marking a strategic pivot to AI GPU-as-a-service and confidential computing amid surging enterprise demand for privacy-first AI infrastructure.
“We believe that AI should be privacy-centric,” CEO Brittany Kaiser said while speaking to Benzinga. “We are really declaring that making privacy-centric AI accessible should be a right.”
From Biotech To Blockchain To AI Infrastructure
Originally incorporated as Portage Biotech Inc., the company rebranded as AlphaTON Capital in September 2025, pivoting to a digital asset treasury strategy focused on the Telegram and The Open Network ecosystem. The latest rebrand to Alpha Compute marks the third and most consequential shift, one Kaiser says was always rooted in the same core mission of bringing privacy-centric tools to market.
The transition accelerated after Telegram introduced Cocoon AI, a confidential computing network available to over a billion users.
Privacy-First Compute As A Structural Play
To support this direction, Kaiser stated that Alpha Compute assembled a team capable of deploying NVIDIA (NASDAQ:NVDA) GPUs, including H200, B200, and B300 models, within confidential computing systems.
“We gathered a team that was able to put Nvidia GPUs on confidential computing, which encrypts all the way down to the hardware level so that no data can be taken by third parties,” Kaiser said.
She also noted that demand for GPUs is rising by more than 60% annually, citing NVIDIA’s latest reports.
According to the company’s press release, Alpha Compute runs NVIDIA Blackwell B200 and B300 GPU clusters inside trusted execution environments (TEEs), encrypting data in use, in transit and at rest, with operational infrastructure backed …