Today, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian Neocloud, announced the signing of a cloud computing infrastructure agreement with a global technology company with major Asia-pacific presence, valued at approximately US$950 million over five years.

Under the terms of the contract, Sharon AI expects to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue expected to commence by the end of each of the third quarter and fourth quarter of 2026.

These solutions are expected to utilize the Vast Data AI Operating System, unifying storage, database, compute and real-time processing into a single system. The Vast Data architecture collapses traditionally separate layers of the stack, which should enable Sharon AI's customers to perform workloads more efficiently.