TechFlow News, April 10: According to The Block, AlphaTON Capital announced plans to raise $43 million through a strategic partnership with Vertical Data Inc. to expand its AI computing infrastructure. The transaction is expected to close in Q2 2026.
Brittany Kaiser, CEO of AlphaTON, stated that the funds will be used to deploy additional NVIDIA B300 GPUs, with the core objective of integrating AI, digital assets, and confidential computing—and scaling up the platform’s computational capacity.
On the business front, AlphaTON holds a substantial amount of TON tokens as corporate treasury assets and is deeply involved in building infrastructure for the Telegram and TON ecosystems, with key investment focus areas including Cocoon—a decentralized AI platform launched under Telegram.
Background: AlphaTON was formed through the restructuring and transformation of former biotech public company Portage Biotech Inc., which previously focused on cancer therapy research. In February this year, Portage completed the spin-off of its cancer therapy subsidiary.
