Catenaa, Wednesday, February 04, 2026-AlphaTON Capital Corp. said Telegram’s Cocoon AI network has begun generating revenue following the deployment of its initial GPU fleet, marking a shift from a passive token treasury to active AI infrastructure operations.
The rollout supports AI inference workloads on the TON blockchain, with plans to expand to more than 570 NVIDIA B300 GPUs by March.
AlphaTON highlighted a projected 27% internal rate of return and over $11 million in net present value from the GPU deployment, though it did not disclose current revenue levels.
The company also raised $44 million in capital, including a $15 million registered direct offering priced at $1 per share, aimed primarily at infrastructure expansion and working capital.
The company announced new partnerships to generate recurring revenue, including a collaboration with Midnight Foundation and the launch of an open-source “Claude Connector” integrating Anthropic’s AI models with TON and Telegram.
Additionally, AlphaTON secured a five-year agreement with Nordic data center operator atNorth, providing 2.2 megawatts of renewable-powered capacity for high-performance computing workloads.
Shares of AlphaTON Capital traded under $0.70 on Wednesday, up roughly 16% over the past month but down about 90% from October levels following a major market liquidation.
Telegram’s native Toncoin (TON) has declined approximately 38% in the same period.
The company’s announcement reflects a broader trend of blockchain-focused firms leveraging AI infrastructure to generate operating revenue while scaling decentralized compute networks.
