Alpha Compute Corp. (NASDAQ:ALP) ("Alpha Compute" or the "Company"), a vertically integrated AI infrastructure company specializing in GPU-as-a-Service and AI Confidential Compute, today announced that it has entered into a First Amendment to the Binding Term Sheet and Exclusive Option governing its planned natural gas-powered data center campus in northern Pennsylvania (the "PA project"). The First Amendment establishes seller financing for the property acquisition, materially reducing the cash Alpha Compute must deploy at closing.

Under the amended terms, the base purchase price remains $55,000,000. Of that amount, $8,000,000 is payable in cash at closing, consisting of the previously disclosed $3,000,000 deposit credited at closing, plus $5,000,000 of additional cash. The sellers will finance the remaining $47,000,000 through a seller note issued by the acquiring entity.