Alpha Compute to acquire Pennsylvania land and gas rights for $55 million data center campus

AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in northern Pennsylvania for $55 million to build a 200-megawatt data center campus. The project, which is Alpha Compute's first U.S. data center development, combines data center infrastructure with on-site gas-fired power generation to bypass grid connection delays. The deal includes 1,800 mineral acres of Marcellus gas rights and is subject to a 60-day diligence period, with operations targeted for Q3 2027.

Alpha Compute Pennsylvania land acquisition

• ▪The Pennsylvania acquisition agreement gives Alpha Compute an exclusive option to acquire the land and gas assets, subject to due diligence, financing, permitting, and final agreements.
• ▪Alpha Compute, which has traditionally provided confidential-computing services, is a recent entrant to the field of data center development.
• ▪AI infrastructure company Alpha Compute signed a binding term sheet to acquire land and natural gas rights in northern Pennsylvania for $55 million, as announced on August 11, 2026.
• ▪The proposed Pennsylvania project, if finalized, would represent Alpha Compute's first data center development in the United States.

AI infrastructure power demand

• ▪Alpha Compute CEO Brittany Kaiser stated that potential users are seeking secure computing services with end-to-end encryption, which are increasingly sought by governments, militaries, and private-sector organizations.
• ▪Surging demand for artificial intelligence computing is driving a scramble for power supplies across the United States, prompting data center developers to secure independent energy sources.

Pennsylvania data center market

• ▪Pennsylvania has become a highly sought-after location for new data centers due to its abundant Marcellus shale basin natural gas, existing power infrastructure, and proximity to East Coast population centers.
• ▪Amazon announced a planned investment of $20 billion in Pennsylvania to expand its cloud infrastructure in June 2025.

On-site gas generation model

• ▪The proposed Alpha Compute project in northern Pennsylvania would combine data center development with natural gas production and on-site electricity generation.
• ▪The proposed Alpha Compute data center campus in northern Pennsylvania is planned to support 200 megawatts of capacity, with potential future expansion to generate one gigawatt of power.
• ▪The Alpha Compute acquisition agreement includes undeveloped Marcellus shale gas rights covering approximately 1,800 mineral acres in northern Pennsylvania.

Project financing requirements

• ▪Following the initial $55 million land acquisition, Alpha Compute expects the build-out of the Pennsylvania data center campus to cost approximately $500 million over several years.
• ▪The proposed Alpha Compute data center project will require local approvals in Pennsylvania, where some communities have tightened restrictions on data centers due to electricity and water demands.

Development timeline through 2027

• ▪Alpha Compute CEO Brittany Kaiser expects to close the Pennsylvania land and gas rights acquisition deal following a 60-day diligence period.
• ▪Alpha Compute expects the proposed northern Pennsylvania data center campus to begin operating in the third quarter of 2027.

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