Alpha Compute Takes Control of GAMEE

Nasdaq-listed Alpha Compute Corp. has completed its acquisition of a 60% controlling interest in GAMEE, the mobile gaming and digital rewards platform, the company confirmed on May 27, 2026. The stake was acquired from Animoca Brands, GAMEE's parent company since 2020. GAMEE announced the closing through its official channel, framing the move as the beginning of a new chapter that brings together its gaming platform, the GMEE token, and its community with Alpha Compute's AI infrastructure.

The stated goal is to unlock new possibilities for AI-powered gaming experiences and digital ownership. Alpha Compute is positioning the acquisition as the foundation of a new division called Alpha Games, focused on AI-driven gaming. GAMEE founder Bozena Rezab will take on the role of Executive Vice President within the new venture, retaining a leadership position through the transition.

The market reacted quickly. Alpha Compute stock surged around 30% following the announcement, trading near 0.51 USD compared to a previous close of 0.36 USD, though the company maintains a modest market capitalization of roughly 12.3 million USD.

Deal Structure and Valuation

The transaction values GAMEE at an implied valuation of 18 million USD, with total consideration of up to 11 million USD structured across three phases. The closing consideration is 3.5 million USD. A Year 1 earn-out of up to 3.5 million USD includes 1.0 million ALP shares valued at 1.50 USD per share, contingent on GAMEE achieving annual EBITDA of 1.2 million USD, with a pro-rata payout if EBITDA lands above zero but below that threshold. A Year 2 earn-out of up to 4.0 million USD is contingent on GAMEE reaching annual EBITDA of 1.6 million USD, split between cash and ALP shares.

The earn-out structure is designed to mitigate upfront consideration risk by tying a large portion of the payment to GAMEE's performance over a two-year window. Beyond the cash and share components, Alpha Compute has agreed to acquire an additional 2 million USD of GMEE tokens within 90 days of closing.

As part of the deal, assets from Animoca Brands' treasury were also transferred, including approximately 878 million GMEE tokens, valued at around 1,830,630 USD based on the prior day's closing price. That tranche represents 51% of Animoca's GMEE holdings and has been added to the Alpha Compute balance sheet. Animoca Brands has also signed a two-year standstill agreement that prohibits it from acquiring a controlling position in Alpha Compute.

The Road to Closing

The acquisition followed a multi-month process. On September 30, 2025, the company then known as AlphaTON Capital Corp. and Animoca Brands announced a non-binding letter of intent proposing equity and token investments, including the potential acquisition of a controlling interest in GAMEE. Animoca Brands co-founder and Executive Chairman Yat Siu described the deal as an important strategic milestone at the time.

On March 19, 2026, AlphaTON Capital entered into a definitive Share Purchase Agreement to acquire the 60% controlling interest for total consideration of up to 11 million USD. Concurrent with signing, the two parties formalized a Strategic Alliance to identify and develop commercial opportunities across blockchain and social gaming. The closing was later pushed to May 2026, pending completion of GAMEE's 2025 annual financial audit, which was a required condition to close. The company has since rebranded from AlphaTON Capital Corp. to Alpha Compute Corp.

Inside GAMEE: A Web2 and Web3 Gaming Platform

GAMEE was founded in 2015 and became a wholly owned subsidiary of Animoca Brands in 2020. The platform sits at the intersection of Web2 and Web3 gaming, built around casual mobile games, digital rewards, and an onchain economy powered by the GMEE token. It has grown into one of the larger gaming platforms in the space, boasting more than 119 million registered users.

The platform has entered Alpha Compute's portfolio with notable commercial momentum. GAMEE posted an estimated 926,000 USD in revenue for the first quarter of 2026, a 56% year-over-year increase compared to the 593,000 USD recorded in Q1 2025. During that quarter alone, the platform attracted more than 5.57 million users and logged 88.5 million game plays. Across the full year of 2025, GAMEE generated an estimated 3.54 million USD in total revenue, representing a three-year compound annual growth rate of 112%.

GAMEE's catalog spans casual and arcade-style mobile titles, with its rewards layer letting players earn through gameplay. The GMEE token underpins that economy, used across the platform's earning, reward, and engagement mechanics. The platform also forms part of the broader Telegram ecosystem, with its games and mini-app reach feeding into the messaging platform's vast user base.

Alpha Compute: AI Infrastructure Meets Gaming

Alpha Compute Corp., incorporated in the British Virgin Islands and listed on Nasdaq under the ticker ALP, describes itself as a leader in AI GPU-as-a-service and AI Confidential Compute. The company builds and operates businesses at the intersection of confidential computing and artificial intelligence, with GPU assets that deliver privacy-preserving computation to partners and applications including Telegram, Animoca Brands, GAMEE, and the Midnight Network.

The GAMEE acquisition gives Alpha Compute a direct foothold in consumer-facing gaming, pairing its AI infrastructure backbone with a platform that already has scale, revenue, and a large user base. The company is set to launch its first large-scale GPU cluster, ALPHA-01, on May 8, 2026, after a four-week delay caused by supply-chain issues. The combination positions Alpha Compute to apply its AI and compute capabilities directly to gaming products through the new Alpha Games division.

The strategic logic centers on merging three assets: GAMEE's established gaming platform and 120 million users, the GMEE token and its onchain economy, and Alpha Compute's AI and GPU infrastructure. The company's framing is that this convergence will enable AI-powered gaming experiences that neither side could build alone, with digital ownership remaining a core pillar of the combined offering.

What It Means for Animoca Brands

For Animoca Brands, the sale represents a partial exit from a platform it has owned outright since 2020, while retaining a 40% stake and a strategic relationship with the acquirer. The two-year standstill agreement and the formalized Strategic Alliance signal that Animoca intends to remain a close partner rather than fully step away from GAMEE's future.

Animoca Brands is one of the most active investors in the Web3 gaming space, with a portfolio spanning The Sandbox, Axie Infinity, and dozens of other projects. The transfer of 878 million GMEE tokens and the standstill terms structure a deal where Animoca reduces its direct control of GAMEE while keeping meaningful exposure to its upside through both the retained equity stake and the broader alliance.

A Notable Crossover Between AI Infrastructure and Gaming

The acquisition stands out as one of the clearer examples of AI infrastructure companies moving directly into consumer gaming. Rather than a gaming studio adding AI features, this deal sees an AI GPU and compute provider acquiring control of an established gaming platform, with the explicit aim of building AI-native gaming products on top of its existing infrastructure.

The structure also reflects a measured approach to dealmaking in the current market. The bulk of the consideration sits behind performance-linked earn-outs tied to GAMEE hitting specific EBITDA targets over two years, rather than a large upfront payment. That design limits Alpha Compute's downside risk while giving GAMEE's team a direct incentive to grow the business under new ownership.

For now, the deal is closed, Alpha Games is established as the new gaming division, and GAMEE's 120 million-user platform sits inside a Nasdaq-listed AI infrastructure company. As GAMEE summed up the moment, the combination marks the beginning of a new chapter at the intersection of gaming, AI, and digital ownership.