Jun. 3 at 9:21 PM
$ALP Based on everything ALP has disclosed so far:
There is no announced customer for the Sweden ALPHA-02 facility yet.
The only customer we know about is tied to:
ALPHA-01 (Canada -
$32 million contract)
because ALP explicitly stated:
“ALPHA-01 is live for our first enterprise customer” as of May 21.
For ALPHA-02 they only said:
“Construction underway, targeting go-live in Q3 2026.”
Notice they did not say:
* customer signed
* capacity reserved
* revenue contracted
* customer handover complete
That doesn’t mean there isn’t a customer; it just means they haven’t publicly disclosed one.
What Sweden could be worth
ALPHA-01 (Canada
$32 million contract):
-504 B200 GPUs
-tied to
$16.1M annual contracted revenue.
ALPHA-02 (Sweden goes live in q3):
-576 B300 GPUs
-newer generation hardware
-slightly larger deployment.
-
$20-
$30 annual revenue estimates