Alpha Compute secures seller financing for its planned Pennsylvania campus
Alpha Compute ($ALP) amended the terms for its proposed Pennsylvania data-center site to include $47 million in seller financing. The base property purchase price remains $55 million, but cash required at closing falls to $8 million, including the previously disclosed $3 million deposit. The arrangement reduces the immediate equity or cash funding needed to acquire the land and related mineral interests. The seller note carries a 6% fixed rate, interest-only payments and a five-year maturity, wi
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