$950M AI cloud deal gets green light for SharonAI (NASDAQ: SHAZ)
Rhea-AI Filing Summary
SharonAI Holdings Inc. (NASDAQ: SHAZ) reported that a global technology customer has formally accepted the initial phase of an AI Cloud deployment under a five-year infrastructure agreement with a total initial contract value of approximately US$950 million. Customer acceptance also triggers the release of cash security previously held in escrow.
The deployment, using NVIDIA GPU clusters across multiple Australian data centers, is the first phase of the contract, with revenue expected to begin in stages across the third and fourth quarters of 2026. Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements, and views this milestone as further progress in bringing secured and contracted capacity online.
Positive
- Customer acceptance of initial AI Cloud deployment under a US$950 million, five-year agreement confirms execution on a large, multi-year contract.
- Sharon AI has secured 212MW of AI Factory capacity, with 120MW already contracted under multi-year take-or-pay agreements, supporting visibility on future usage and revenue.
- Revenue from the accepted deployment is expected to commence in stages across the third and fourth quarters of 2026, indicating a defined near-term monetization timeline.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
take-or-pay agreements financial
AI Factory technical
AI Cloud deployment technical
sovereign AI infrastructure technical
FAQ
What major contract milestone did SharonAI Holdings Inc. (SHAZ) announce on August 20, 2026?
How large is the new AI Cloud infrastructure agreement disclosed by SHAZ?
When does Sharon AI (SHAZ) expect revenue to begin from the accepted AI Cloud deployment?
What AI Factory capacity has Sharon AI (SHAZ) secured and contracted?
What is the significance of the escrow release mentioned by SHAZ?
Where is Sharon AI (SHAZ) deploying its AI Cloud infrastructure for this contract?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Item 7.01 Regulation FD Disclosure.
On August 20 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 August 20, 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: August 20, 2026 | ||
| -3- |
Exhibit 99.1
Sharon AI Successfully Delivers AI Cloud Deployment for Global Technology Customer
NEW YORK, August 20, 2026 – SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the successful delivery and customer acceptance of an initial AI Cloud deployment for a global technology company with a major Asia-Pacific presence.
Customer acceptance marks the completion of a key milestone under the five-year AI Cloud infrastructure agreement, which has a total initial contract value of approximately US$950m. Acceptance also triggers release of cash security currently held in escrow.
The deployment is the first phase of this customer contract, and part of a series of additional NVIDIA GPU clusters that Sharon AI expects to deliver over the coming months. Under the agreement, Sharon AI is deploying AI Cloud solutions across multiple data centers in Australia, with revenue expected to commence in stages across the third and fourth quarters of 2026.
“Delivering AI infrastructure at scale requires coordinated execution across data center readiness, compute, storage, networking and customer integration,” said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. “This successful deployment demonstrates our ability to bring together a global partner ecosystem and coordinate specialist teams to meet customer delivery requirements. The capabilities and operating discipline developed through this project strengthen our delivery platform as we deploy future clusters, bringing our secured and contracted capacity online, and supporting durable long-term growth.”
Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements. The accepted deployment represents further progress in bringing this secured and contracted capacity online. The Company continues to advance its AI Factory platform to address strong demand for high-performance, sovereign AI infrastructure across Australia, New Zealand and the Asia-Pacific region.
About Sharon AI
Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.
Contacts
Media
media@sharonai.com
Investors
investors@sharonai.com
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.
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.