AlphaTon Capital Secures Major AI Compute Capacity in Sweden with atNorth Lease December 18, 2025 The demand for high-performance computing infrastructure, particularly for artificial intelligence workloads, is driving significant investment and strategic partnerships in the data center sector. This trend is especially pronounced in the Nordics, where access to reliable, sustainable, and cost-effective power is a key competitive advantage for operators and their clients. AlphaTon Capital Corp, a technology firm aiming to bridge institutional capital with the Telegram-based crypto ecosystem, has signed a major five-year colocation agreement with Nordic operator atNorth. The deal, announced this week, grants AlphaTon an initial 2.2 megawatts of IT capacity at the SWE01 data center in Kista, Sweden, with operations set to commence in February 2026. The contract includes an option to expand the commitment to 4.3MW. This agreement represents AlphaTon's first major data center contract and is a cornerstone of its strategy to launch a GPU-as-a-Service offering targeting the burgeoning AI infrastructure market. The company plans to deploy thousands of enterprise-grade GPUs within the facility, with an initial deployment exceeding 2,000 units and the potential to scale to 4,000. The atNorth SWE01 facility, located in a Stockholm suburb, offers a total of 12MW of capacity across 6,400 square meters (68,890 square feet) and is also home to Swedish cloud provider 6G AI Sweden. Enzo Villani, Executive Chairman and CIO of AlphaTON Capital, highlighted the strategic rationale behind the move: "With Telegram's 1 billion monthly active users representing one of the largest addressable markets in technology, the computational demands for AI-powered services are immense. This facility gives us the capacity to scale rapidly while maintaining the performance and reliability standards required for mission-critical applications." The lease underscores the Nordics' growing appeal for compute-intensive operations, combining scalable power, favorable environmental conditions for cooling, and a strong renewable energy grid. For atNorth, the deal with a new entrant in the AI-as-a-Service space follows its recent strategic refocus, which included the sale of its HPC-as-a-Service unit, Gompute, to IT services firm Advania earlier this year. Source: datacenterdynamics
AlphaTon Capital Secures Major AI Compute Capacity in Sweden with atNorth Lease
