
AlphaTON Capital Corp. (ATON) shares more than doubled in Tuesday’s pre-market trade, soaring over 122% after the company announced the addition of Nvidia Corp.’s (NVDA) graphics processing unit (GPU) to its arsenal.
In an announcement on Monday, AlphaTON stated that it had added 576 Nvidia B300 chips to its portfolio following a $46 million AI compute infrastructure deal.
Retail sentiment on Stocktwits around AlphaTON Capital soared over the past 24 hours, entering the ‘extremely bullish’ territory at the time of writing from ‘bullish’ a day ago, while message volume was at ‘extremely high’ levels.
AlphaTON stated that these 576 Nvidia B300 GPUs are scheduled for delivery in February. The company said that this addition is projected to deliver a 27% internal rate of return on the $46 million investment.
AlphaTON stated that this deployment of 576 Nvidia B300 GPUs is its first large-scale confidential compute deployment. The company said that it will use these GPUs to address a critical market gap: AI workloads that cannot be run on Big Tech infrastructure due to privacy, sovereignty, or data protection constraints
The company stated that it has paid $4 million in cash as part of the deal, with $32.7 million in closed non-recourse debt financing, and an additional $9.3M in equity, paid in small installments by AlphaTON ahead of the delivery of the Nvidia GPUs next month.
The New York-based company provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram's billion-user platform.
Following the stock’s surge, retail users on Stocktwits expressed optimism about the company’s prospects.
One bullish user pointed to AlphaTON loading up on Nvidia GPUs, giving the company direct exposure to the AI wave.
Another user on the platform posted that they are glad to have invested in the stock.
ATON stock is up 52% year-to-date, but down 79% over the past 12 months.
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