AlphaTON says Telegram’s Cocoon AI is now generating revenue as GPU rollout ramps

AlphaTON Capital Corp. has confirmed that its confidential compute network, Cocoon AI (built on the TON blockchain for Telegram), has begun generating revenue as of December, marking a shift toward operating revenue-producing AI infrastructure. This follows a previous $46 million compute infrastructure deal. The company is currently scaling its GPU deployment, including plans to receive over 570 NVIDIA B300 GPUs by March, projecting a 27% IRR from the rollout. Concurrently, AlphaTON raised a net $44 million in capital, primarily for this AI infrastructure expansion. The company also announced new partnerships, including one with Midnight Foundation for recurring revenue and the launch of an open-source "Claude Connector" integrating Anthropic's models with TON and Telegram, supported by a five-year agreement for renewable-powered data center capacity.

(Source：The Block)