Sharon AI Holdings Inc. (NASDAQ: SHAZ) lands $1.32B AI cloud deal
Rhea-AI Filing Summary
Sharon AI Holdings Inc. announced a cloud computing services agreement with a global AI lab valued at US$1.32 Billion over five years. The company expects to deploy solutions across data center infrastructure in New Zealand, with revenue from the contract anticipated to begin across the first and second quarter of 2027.
Sharon AI reports total AI Factory capacity of 132MW, of which 116MW is contracted to end customers, and plans to deploy more than 62,000 NVIDIA GPUs by mid-2027. It also highlights its Investor Relations website, X account and LinkedIn account as key channels for Regulation FD-compliant disclosures.
Positive
- Signed a cloud computing services agreement valued at US$1.32 Billion over five years with a global AI lab, with revenue expected to begin across the first and second quarter of 2027.
- Reports AI Factory capacity of 132MW, with 116MW already contracted to end customers and more than 62,000 NVIDIA GPUs expected to be deployed by mid-2027.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
Regulation FD regulatory
forward-looking statements regulatory
Neocloud technical
AI Factory technical
sovereign AI technical
FAQ
What cloud agreement did Sharon AI (SHAZ) announce?
How large is the Sharon AI (SHAZ) contract and over what duration?
When will Sharon AI (SHAZ) begin recognizing revenue from the new deal?
What AI Factory capacity does Sharon AI (SHAZ) report?
How many NVIDIA GPUs will Sharon AI (SHAZ) deploy for its AI Factory?
Where will Sharon AI (SHAZ) deploy cloud infrastructure for this contract?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On July 16, 2026, the Company issued a press release. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number |
Description | |
| 99.1 | Press Release dated July 16, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The Company cautions that statements in this report and its exhibits that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s reports and filings made with the SEC. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
| -2- |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SHARONAI HOLDINGS INC. | ||
| By: | /s/ James Manning | |
| Name: | James Manning | |
| Title: | CEO | |
| Date: July 16, 2026 | ||
| -3- |
Exhibit 99.1
Sharon AI Announces US$1.32 Billion Five-Year Cloud Computing Infrastructure Agreement
New York, USA, July, 16 2026 – 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.”
ENDS
Disclosure Information
Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) 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.
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.
Forward-Looking Statements
This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” 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 “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” 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’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:
| ● | Service and product offerings; | |
| ● | Receipt and use of proceeds; | |
| ● | The deployment of assets and expansion of network procurement; | |
| ● | Sharon AI’s ability to engage with additional potential customers; | |
| ● | Expansion of Sharon AI’s data center footprint and capacity; and | |
| ● | The strengthening of Sharon AI’s partner network. |
In 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 “Risk Factors” section of the Company’s 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.
The 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.
Contacts
Sharon AI Media Enquiries:
Ross Barrows – Head of Capital Strategy & Investor Relations
ross.barrows@sharonai.com
Zachary Nevas
IMS Investor Relations
+1 203.972.9200
sharonai@imsinvestorrelations.com