Sharon AI (NASDAQ: SHAZ) secures US$373m AI cloud service pact
Rhea-AI Filing Summary
SharonAI Holdings Inc. entered into a five-year cloud computing service agreement with a global AI platform, with a total contract value of US$373 million. Revenue under the agreement is expected to begin in the first quarter of 2027, supporting Sharon AI’s Australian AI infrastructure.
Following this deal, Sharon AI’s AI Factory capacity remains 132 MW, with 120 MW now contracted to end customers. The company plans to expand its platform from 62,000 to 64,000 NVIDIA GPUs by mid-2027, including an initial deployment of 2,048 NVIDIA Blackwell Ultra B300 GPUs under the new agreement.
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8-K Event Classification
Key Figures
Key Terms
Regulation FD regulatory
forward-looking statements regulatory
Private Securities Litigation Reform Act of 1995 regulatory
AI Factory technical
sovereign AI capability technical
neocloud technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Sharon AI (SHAZ)'s new AI cloud service agreement worth?
When will Sharon AI (SHAZ) start recognizing revenue from the new AI cloud deal?
How does the new agreement affect Sharon AI (SHAZ)'s AI Factory capacity?
What GPU capacity is Sharon AI (SHAZ) planning to operate under this agreement?
How does Sharon AI (SHAZ)'s deal support Australia’s AI infrastructure ambitions?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On August 4, 2026, SharonAI Holdings Inc. (the “Company”) issued a press release announcing a US$373m Five-Year AI Cloud Service Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The information presented in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “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, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
The description of the press release is only a summary and is qualified in its entirety by reference to the full text of such document, which is included as an exhibit to this Current Report on Form 8-K and which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated August 4, 2026 | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are 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: | Chief Executive Officer | |
| Date: August 4, 2026 | ||
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Exhibit 99.1
Sharon AI Announces US$373m Five-Year AI Cloud Service Agreement
Under the agreement, Sharon AI expects to deploy cloud computing solutions across its AI infrastructure in Australia. The Company expects revenue under the agreement to commence during the first quarter of 2027.
Following execution of this agreement, Sharon
AI’s total AI Factory capacity remains at 132 megawatts (MW) but has now contracted a total of 120MW to end customers.
The Company
The
initial deployment under this agreement is expected to utilize
The agreement further supports Australia’s ambition to become a leading destination for AI infrastructure investment in the Asia-Pacific region. By deploying advanced AI compute capacity within Australia, Sharon AI is helping to expand the nation’s sovereign AI capability, enabling global AI platforms to access high-performance infrastructure while supporting the development of a broader domestic AI ecosystem.
As demand for AI infrastructure continues to accelerate, long-term customer commitments such as this contribute to investment in Australian digital infrastructure, strengthen the country’s position as a regional AI hub and create opportunities for Australian businesses, researchers and government organizations to access world-class AI compute closer to where it is needed.
James Manning, Co-founder and Chief Executive Officer of Sharon AI, said:
“This agreement represents an important milestone in the continued expansion of Sharon AI’s customer base and contracted AI infrastructure capacity. As organizations increasingly seek access to sovereign, high-performance AI compute, we remain focused on delivering scalable infrastructure that supports the evolving needs of AI platforms, enterprises and governments.
“We continue to see strong demand for AI infrastructure in Australia and across the Asia-Pacific region, and this agreement reflects our strategy of securing long-term customer commitments as we expand our AI Factory platform.”
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 organizations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.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.
Contacts
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