Alpha Compute Corp. has entered into a binding term sheet to acquire mineral, surface, and pore-space assets in northern Pennsylvania as the foundation for a planned data center campus that would initially deliver 200 megawatts of power capacity with a potential expansion to 1 gigawatt.

The Nasdaq-listed company, which describes itself as a technology pioneer in AI Confidential Compute and GPU-as-a-service, announced the agreement on August 11, 2026.

The term sheet grants Alpha Compute Management, LLC, a subsidiary of Alpha Compute Corp., an exclusive option to acquire the assets at a base purchase price of USD 55 million.

A USD 3 million deposit becomes payable following execution of a definitive Property Purchase Agreement and the satisfaction or waiver of specified conditions, and will be credited against the cash balance due at closing.

An Energy-First Approach to Data Center Infrastructure

The Pennsylvania project is built around the concept of generating electricity and sourcing fuel from the same asset.

A third-party evaluation of the property concluded that gas produced from the underlying Marcellus Formation could supply 200 megawatts of continuous generation for ten years at an all-in delivered cost of approximately USD 0.0585 per kilowatt-hour.

The company says that figure is meaningfully below prevailing PJM commercial and industrial rates, which it cited as running roughly USD 0.08 to USD 0.10 per kilowatt-hour.

Alpha Compute noted that the USD 0.0585 per kilowatt-hour estimate is all-inclusive, reflecting the capital and operating costs of drilling, gathering, and simple-cycle turbine generation, though the company added that these estimates remain subject to validation of the underlying assumptions.

The assets include unleased Marcellus gas rights for approximately 1,800 oil and gas mineral acres in specified formations, carrying a 100% net revenue interest subject to title confirmation.

Existing leasehold rights in the Utica and deeper formations are excluded from the proposed acquisition. The company was explicit that this is a greenfield project, with no power or data center capacity currently operating or available at the site.

Drilling Plan and Site Infrastructure

The development plan contemplates twelve Marcellus wells with average lateral lengths of approximately 13,000 feet, drilled from two new pads on the southeastern edge of the mineral block.

Multiple high-pressure interstate natural gas transmission lines run adjacent to the acreage, which the company said could provide redundant fuel supply and a route to expand capacity beyond 1 gigawatt over time, subject to commercial arrangements and interconnection rights.

A 1115-kilovolt transmission line and nearby substations could also offer optional grid interconnection, subject to applicable agreements and approvals.

Surface diligence identified a high, flat plateau with roughly 80 contiguous acres suitable for initial development.

The ground is characterized by interbedded siltstones, sandstones, and shales with no identified geohazards such as faults, karst, or sinkholes.

Environmental screening returned no threatened or endangered species findings in state databases, though federal species of concern were flagged for further evaluation during permitting. Three small wetlands were identified for avoidance or permitted relocation.

Non-Dilutive Financing Structure

Alpha Compute said it is working with development and financing partners to acquire the property and develop it using non-dilutive capital through special purpose vehicles and joint ventures with energy and development organizations currently active in the area with existing investments and assets.

Alpha Compute Corp. will serve as offtaker, with a binding but conditional intra-group commitment to take the planned initial 200 megawatts of power and data center capacity, subject to diligence, permits, financing, and definitive agreements.

Environmental and Community Design Standards

The company said the campus, if developed as planned, would generate power behind the meter from gas produced on the property and would place no new draw on the regional grid.

Alpha Compute is also evaluating carbon dioxide sequestration in the deep formations beneath the site, a step that would require separate rights and approvals.

The build is designed with a series of measures the company frames as community-conscious.

These include closed-loop cooling that recirculates water rather than withdrawing it from local sources, sound levels held to a 57 dBA community standard at neighboring property lines, full-cutoff lighting intended to protect rural night skies, and low-reflective earth-tone buildings set behind berms and native plantings.

The development plan also calls for riparian buffers along every stream and a funded decommissioning plan in place from the first day of operations. Planned architecture includes barn-style exteriors intended to fit the surrounding agricultural landscape.

Existing Operations and Strategic Context

Alpha Compute's first two GPU deployments, located in Canada and Sweden, run on 100% hydroelectric power.

Chief Executive Officer Brittany Kaiser described the Pennsylvania initiative as uniting domestic energy production and sovereign power generation with secure, confidential infrastructure.

The company characterized the PA project as applying the same environmental standard as its existing facilities, but adapted to a different resource base.