AlphaTON Capital is looking to invest $43 million in its AI infrastructure operations, financed through a deal with Vertical Data Inc.
The deal is expected to close in Q2 2026 and represents a “significant expansion of the existing collaboration” between the firms.
“Vertical Data has been a consistent partner across multiple phases of this infrastructure project,” said Brittany Kaiser, CEO of AlphaTON Capital. “This agreement is a vital step in scaling our compute capacity. It ensures that our platform objectives—specifically the convergence of AI, digital assets, and confidential compute—are supported by the most advanced hardware and efficient financing models available today.”
With the financing, AlphaTON, known for its support of the TON blockchain ecosystem and TON token corporate treasury, is deploying additional NVIDIA B300 GPUs.
In addition to holding a large TON token stake, AlphaTON also invests in and builds infrastructure, applications, and assets within the Telegram and The Open Network ecosystems, including Telegram’s decentralized Cocoon AI platform.
AlphaTON was formed through a major pivot and rebranding of the existing public company formerly known as Portage Biotech Inc., a biotech firm focused on cancer treatments.
In February, AlphaTON spun out its cancer treatment subsidiary.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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