{"id":982227,"date":"2026-07-16T08:21:21","date_gmt":"2026-07-16T12:21:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sharon-ai-announces-us1-32-billion-five-year-cloud-computing-service-agreement\/"},"modified":"2026-07-16T08:21:21","modified_gmt":"2026-07-16T12:21:21","slug":"sharon-ai-announces-us1-32-billion-five-year-cloud-computing-service-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sharon-ai-announces-us1-32-billion-five-year-cloud-computing-service-agreement\/","title":{"rendered":"Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement"},"content":{"rendered":"

<\/p>\n

Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (\u201cSharon AI\u201d or \u201cthe Company\u201d), a leading Australian Neocloud, today announced the signing of a cloud computing service agreement with a global Artificial Intelligence (\u201cAI\u201d) Lab, valued at US$1.32 billion over five years.<\/p>\n

\nUnder the terms of the contract, Sharon AI expects to deploy cloud computing solutions across data center infrastructure in New Zealand, with revenue from the contract expected to commence across the first and second quarter of 2027.<\/p>\n

\nSharon AI\u2019s total AI Factory capacity is 132MW, of which 116MW is contracted to end customers, with more than 62,000 NVIDIA GPUs expected to be deployed by mid-2027.<\/p>\n

James Manning, Co-founder and CEO, Sharon AI said,<\/b>\u201cWe are excited to be deploying our first AI Factory in New Zealand. The established data center infrastructure and future growth potential in country provide Sharon AI with a strong foundation for future expansion. We are pleased to be deploying accelerated compute for another AI native and continue to see strong demand from enterprise, government, hyperscale, AI native and research customers across Asia-Pacific and Rest of World.\u201d<\/i><\/p>\n

Disclosure Information<\/b><\/p>\n

\nSharon AI primarily uses its Investor Relations page (https:\/\/sharonai.com\/investors\/<\/a>) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and\/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.<\/p>\n

About Sharon AI<\/b><\/p>\n

\nSharon AI, a leading Australian Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU\/CPU Compute Infrastructure. Our AI Cloud platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com<\/a>.<\/p>\n\n\n\n
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\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain, and our officers and representatives may from time to time make, \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cproject,\u201d \u201cstrategy,\u201d \u201cplan,\u201d \u201cexpect,\u201d \u201cgoal,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201clikely\u201d or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI\u2019s management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:<\/p>\n\n\n\n\n\n\n\n
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\n\u25cf<\/p>\n<\/td>\n

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\nService and product offerings;<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u25cf<\/p>\n<\/td>\n

\n

\nReceipt and use of proceeds;<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u25cf<\/p>\n<\/td>\n

\n

\nThe deployment of assets and expansion of network procurement;<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u25cf<\/p>\n<\/td>\n

\n

\nSharon AI\u2019s ability to engage with additional potential customers;<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u25cf<\/p>\n<\/td>\n

\n

\nExpansion of Sharon AI\u2019s data center footprint and capacity; and<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u25cf<\/p>\n<\/td>\n

\n

\nThe strengthening of Sharon AI\u2019s partner network.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nIn addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the \u201cRisk Factors\u201d section of the Company\u2019s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov<\/a>.<\/p>\n

\nThe forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260716884038\/en\/<\/a><\/span><\/p>\n

\nSharon AI Media Enquiries:
\n
Ross Barrows \u2013 Head of Capital Strategy & Investor Relations
\n
ross.barrows@sharonai.com<\/a><\/p>\n

\nZachary Nevas
\n
IMS Investor Relations
\n
+1 203.972.9200
\n
sharonai@imsinvestorrelations.com<\/a><\/p>\n

KEYWORDS:<\/b> New York North America United States Australia Australia\/Oceania New Zealand<\/p>\n

INDUSTRY KEYWORDS:<\/b> Networks Data Management Technology Artificial Intelligence Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement NEW YORK–(BUSINESS WIRE)– SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (\u201cSharon AI\u201d or \u201cthe Company\u201d), a leading Australian Neocloud, today announced the signing of a cloud computing service agreement with a global Artificial Intelligence (\u201cAI\u201d) Lab, valued at US$1.32 billion over five years. Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across data center infrastructure in New Zealand, with revenue from the contract expected to commence across the first and second quarter of 2027. Sharon AI\u2019s total AI Factory capacity is 132MW, of which 116MW is contracted to end customers, with more than 62,000 NVIDIA GPUs expected to be deployed by mid-2027. James Manning, … <\/p>\n

Continue reading “Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-982227","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sharon-ai-announces-us1-32-billion-five-year-cloud-computing-service-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Service Agreement NEW YORK–(BUSINESS WIRE)– SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (\u201cSharon AI\u201d or \u201cthe Company\u201d), a leading Australian Neocloud, today announced the signing of a cloud computing service agreement with a global Artificial Intelligence (\u201cAI\u201d) Lab, valued at US$1.32 billion over five years. Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across data center infrastructure in New Zealand, with revenue from the contract expected to commence across the first and second quarter of 2027. Sharon AI\u2019s total AI Factory capacity is 132MW, of which 116MW is contracted to end customers, with more than 62,000 NVIDIA GPUs expected to be deployed by mid-2027. 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