
AlphaTON Capital Corp’s $420.69M SEC-registered funding supports AI and HPC expansion for Telegram’s Cocoon AI, TON ecosystem acquisitions, and strategic Toncoin reserve buildup.
AlphaTON Capital Corp, a Nasdaq-listed TON treasury firm, has filed a $420.69 million shelf registration with the U.S. Securities and Exchange Commission to finance AI and high-performance computing growth for Telegram’s Cocoon AI network. The capital will be allocated to expanding Toncoin and digital asset reserves and acquiring projects in the TON ecosystem. The company has already deployed Nvidia B200 GPUs to strengthen Cocoon’s infrastructure, which operates as a decentralized, privacy-focused AI compute network launched by Telegram founder Pavel Durov.