Announcement Overview
Sharon AI Holdings Inc. (NASDAQ:SHAZ) disclosed a five‑year cloud computing service agreement valued at $373 million with a global artificial intelligence platform. The contract will see the Australian Neocloud provider deploy cloud computing solutions across its AI infrastructure in Australia, with revenue expected to commence in the first quarter of 2027.
Operational Impact
The agreement adds 120 MW of contracted AI Factory capacity to end customers, while the total AI Factory capacity remains at 132 MW. Sharon AI will upgrade its GPU fleet from 62,000 to 64,000 NVIDIA GPUs by mid‑2027. The initial deployment under the contract will utilize 2,048 NVIDIA Blackwell Ultra B300 GPUs, with the possibility of additional deployments throughout the contract term based on customer requirements.
Strategic Significance
James Manning, Co‑founder and Chief Executive Officer of Sharon AI, stated that the agreement represents a milestone in expanding the company’s customer base and contracted AI infrastructure capacity, aligning with growing demand for sovereign, high‑performance AI compute. He highlighted that the deal supports Australia’s ambition to become a leading destination for AI infrastructure investment in the Asia‑Pacific region and contributes to the development of Australian digital infrastructure, reinforcing the country’s position as a regional AI hub.
Market Reaction
Following the announcement, Sharon AI’s shares rose approximately 5 % in pre‑market trading.