Alpha Compute Corp. (NASDAQ: ALP) reported combined revenue and cash receipts of $1.57 million for July 2026, according to a monthly market update issued Aug. 19, 2026. The figure represents an approximately 35-fold increase over the company's total revenue in April 2026.

The total combines $489,000 in revenue from its Gamee gaming subsidiary and $1.08 million in cash receipts from its Alpha-01 Nvidia GPU cluster. All figures are unaudited.

Gamee recorded operating expenses of $432,000 in July, producing EBITDA of $57,000. The company said July revenue marks Gamee's third consecutive month of sequential growth and represents an approximately 42% increase over May 2026. July revenue also compares to a monthly average of approximately $309,000 across the first quarter of 2026.

The Alpha-01 cluster posted cash disbursements of $1.25 million against cash receipts of $1.08 million, resulting in a net cash outflow of approximately $167,000 for the month. Alpha Compute said the negative net position reflects a $6.45 million customer prepayment received in May 2026, which is amortized as a monthly credit over the contract's two-year term, reducing monthly cash receipts. The company states that prepayment funds deployment and ramp-phase costs.

In other developments, Alpha Compute signed a binding term sheet for an exclusive option to develop a 200-megawatt data center campus in Pennsylvania, with expansion potential to 1 gigawatt. Definitive documentation remains subject to customary conditions.

The company also said its qualified enterprise sales pipeline exceeds $1.5 billion. Alpha Compute noted that pipeline figures represent potential contract value at varying stages of qualification and are not bookings, backlog, or contracted revenue.

Alpha Compute announced the addition of Michael Huskins as a third independent board member, effective Aug. 24, 2026. The company also said it plans to transition to quarterly financial reporting beginning with its fiscal third quarter ending Dec. 31, 2026, while continuing monthly unaudited market updates between reporting periods.