Alpha Compute Reports Total Gamee Revenue And Alpha-01 Cash Receipts For July Were $1.57M, Posts $57K EBITDA
Alpha Compute Corp. (NASDAQ:ALP) ("Alpha Compute" or the "Company") today issued a market update covering operating and cash performance for the month ended July 31, 2026, together with recent corporate developments.
Total Gamee Revenue and Alpha-01 Cash Receipts for July were $1.57 million, representing an approximately 35x increase over the Company’s total revenue in April 2026, one quarter prior. The figure reflects the combination of recognized revenue at the Company's Gamee subsidiary and cash receipts generated by the Alpha-01 cluster.
July 2026 Operating and Cash Summary
| Metric | July 2026 |
| Gamee — Revenue | $489,000 |
| Gamee — Operating expenses | $432,000 |
| Gamee — EBITDA | $57,000 |
| Alpha-01 — Lease finance income | $465,076 |
| Alpha-01 — Lease interest expense | $270,318 |
| Alpha-01 — Cash receipts (in) | $1,084,074 |
| Alpha-01 — Cash disbursements (out) | $1,250,928 |
| Alpha-01 — Net cash | $(166,854) |
| Total Gamee revenue and Alpha-01 cash receipts | $1,573,074 |
| Memo: Alpha-01 lease prepayment received May 2026 | $6,445,958 |
All figures are unaudited and presented in U.S. dollars. The Alpha-01 lease prepayment is presented for information only. It is excluded from Total Gamee Revenue and Cash Receipts, and is not included in any performance measure in this release. See "Alpha-01" below.
Gamee: Third Consecutive Month of Sequential Growth
The Company's Gamee subsidiary generated revenue of $476,000 in July against operating expenses of $418,000, producing positive EBITDA of $57,000.
July revenue represents growth of approximately 42% over May and marks Gamee's third consecutive month of sequential expansion while achieving positive EBITDA. July revenue of $476,000 also compares to a monthly average of approximately $309,000 across Q1 2026, representing growth of approximately 54% against the pre-acquisition quarterly run rate.
Gamee's platform scale, as previously disclosed by the Company:
- 120 million+ registered users across multiple ecosystems
- 10 billion+ lifetime gameplay sessions
- 61 million+ Telegram users served within the Telegram Mini App ecosystem
- 1.7 million monthly average users (MAUs) / 150,000 daily average users (DAUs) across all platforms
- 5.57 million users and 88.5 million game plays recorded in Q1 2026
Platform scale figures are as disclosed in the Company's May 27, 2026 acquisition closing announcement and are not updated as of July 31, 2026 except where a July figure is presented above.
Alpha-01: Ramp-Phase Cash Profile, Fully Funded by $6.45 Million Deposit
The Alpha-01 cluster generated cash receipts of $1,074,000 during July against cash disbursements of $1,251,000, resulting in net cash outflow of $(177,000) for the month. The Company attributes the negative net position to the $6.45m prepayment of revenue received at contract signing and amortized as a monthly credit over the contract’s two-year term, which results in lower monthly cash receipts.
The lease prepayment funds deployment and ramp-phase costs for the cluster, including the July net cash outflow described above. Management believes the prepayment is a meaningful indicator of demand and of the Company's forward economic position: it represents committed customer consideration already collected in cash.
Corporate Highlights
- Binding term sheet signed for an exclusive option to purchase 200MW Pennsylvania development, expandable to 1GW. Alpha Compute has executed a binding term sheet for an exclusive option to develop a 200 megawatt data center campus in Pennsylvania that can expand to 1 gigawatt. The site is intended to support high-density, liquid-cooled AI compute deployments and materially expands the Company's forward power position — the primary constraint on capacity growth across the AI infrastructure sector. Development timelines, energization milestones, and definitive documentation remain subject to customary conditions.
- Global Infrastructure Services executive team built out. The Company has completed the build-out of the executive leadership team for its Global Infrastructure Services business, adding senior commercial and operational leadership with backgrounds spanning Tier-1 global systems integrators, hyperscale data center operations, and large-scale enterprise infrastructure P&L responsibility. The team is mandated to oversee commercial P&L, originate and close enterprise offtake agreements, and enforce vendor governance and SLA structures providing executive coverage that allows the Company's engineering organization to focus on physical deployment, telemetry, and provisioning.
- Sales pipeline exceeds $1.5 billion. The Company's qualified enterprise sales pipeline now stands at more than $1.5 billion. Pipeline figures represent potential contract value of identified opportunities at varying stages of qualification and are not bookings, backlog, or contracted revenue. There can be no assurance that any portion of the pipeline will convert into executed agreements.