AlphaTON is expanding its Telegram-based decentralized AI network, Cocoon, through a partnership with NVIDIA.
PANews reported on January 13th that, according to The Block, Nasdaq-listed AlphaTON Capital, the treasury of TON, has signed a $46 million computing infrastructure agreement to expand its chip scale, aiming to extend its decentralized, Telegram-based Cocoon AI network. The agreement will add 576 Nvidia B300 chips to AlphaTON's assets, representing "the company's first large-scale deployment of confidential computing," further expanding its existing $20 million in assets on its balance sheet. These chips are scheduled for delivery next February. AlphaTON has committed $4 million in cash to complete the transaction and has funded the remainder through $32.7 million in non-recourse closed-end debt financing and an additional $9.3 million in equity financing to be paid in small installments by the time full deployment is completed in March.
Telegram's Cocoon is a decentralized artificial intelligence computing platform developed by Telegram and based on the TON blockchain. It is the core of AlphaTON's business model as a digital asset reserve. The company previously announced that it would deploy a batch of GPUs to Cocoon "to add a new revenue stream to its business."
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