Public TON token treasury AlphaTON Capital Corp has expanded its exposure to decentralized artificial intelligence infrastructure after signing a $46 million compute agreement to scale the Telegram native Cocoon AI network. The deal will add 576 high performance chips supplied by NVIDIA, marking AlphaTON’s first large scale deployment of confidential compute assets. The chips are scheduled for delivery in February and will significantly increase the firm’s physical compute footprint, building on roughly $20 million in existing balance sheet assets. AlphaTON said the expansion supports its strategy of combining digital assets with revenue generating infrastructure tied to privacy focused AI services distributed through Telegram’s ecosystem. The company described the move as a step toward establishing decentralized AI as a viable alternative to centralized platforms dominated by major technology firms.
The transaction structure blends cash, debt, and equity rather than relying on a single upfront payment. AlphaTON contributed approximately $4 million in cash at closing, while the majority of the deal was financed through non recourse debt and staged equity contributions tied to full deployment later this quarter. Cocoon AI operates as a decentralized compute network that compensates users in Toncoin for renting out their GPUs to process queries, positioning itself as a privacy preserving option for AI workloads. Built on the TON blockchain and integrated directly into Telegram, Cocoon is central to AlphaTON’s treasury strategy, offering potential recurring revenue streams alongside token holdings. With Telegram’s global user base approaching one billion monthly active users, the firm sees long term demand for confidential AI services delivered through messaging native platforms.
AlphaTON’s AI expansion follows earlier capital raising efforts aimed at scaling its TON focused initiatives. The company previously filed a large shelf registration to support investments in compute infrastructure, the TON mini app economy, and payments products linked to the ecosystem. Its treasury program began last year after a private placement and secured credit facilities used to acquire TON tokens and related assets. By adding physical compute resources and strategic partnerships, AlphaTON says it is reducing balance sheet risk while positioning for growth tied to the convergence of blockchain and AI. The move reflects a broader trend of crypto native firms investing in real world infrastructure as decentralized networks seek to compete with centralized cloud and AI providers.
