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Alphaton Capital Corp's stock increased by 186.8% in after-hours trading to $2.61 following a $46 million purchase agreement for 576 Nvidia B300 chips. The deal is nearly six times the company's market cap of $7.86 million.

Funding includes $4 million from existing cash, $32.7 million via non-recourse debt, and $9.3 million through equity payments. The chips will be shipped to AtNorth's data center in Sweden, with delivery in February and installation starting in March.

The project is expected to generate a 27% internal rate of return and $11 million in net present value, with revenue beginning in March 2026. The funding structure defers payments until the chips are operational. The new infrastructure will support a privacy-preserving AI network connected to Telegram's Cocoon AI ecosystem, amid robust demand for AI infrastructure.