AlphaTON Capital Corp. Stock Surges 7% on $420 Million Shelf Filing for AI and Blockchain Expansion
AlphaTON Capital Corp. (ATON) shares climbed 7.55% to $1.71 following a $420.69 million shelf registration filing with the SEC. The capital raise aims to accelerate the company's AI and high-performance computing infrastructure development, particularly within Telegram's ecosystem.
The filing marks AlphaTON's graduation from SEC 'baby shelf' restrictions, enabling aggressive expansion into GPU infrastructure and strategic acquisitions in fintech and content sectors. This positions the company as a key infrastructure player in the convergence of AI and blockchain technologies.