AlphaTON Capital raises $15 million for AI infrastructure expansion
AlphaTON Capital Corp. saw a significant price increase of 15.77% in pre-market trading as it crossed above its 5-day SMA.
The company successfully closed a $15 million registered direct offering aimed at expanding its GPU AI infrastructure and enhancing working capital. Additionally, AlphaTON initiated a $46 million investment in AI infrastructure, which includes the delivery of 576 NVIDIA B300 chips, projected to yield a 27% IRR and 282% ROI. The strategic partnership with Midnight Foundation further establishes AlphaTON's role in privacy-preserving AI, generating immediate revenue and supporting network growth.
These developments position AlphaTON for substantial growth in the AI sector, enhancing its market presence and financial flexibility.
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