SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the signing of a cloud computing service agreement with a global Artificial Intelligence (“AI”) 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’s 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, Co-founder and CEO, Sharon AI said, “We 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.”
About Sharon AI
Sharon 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.
