SharonAI Holdings Inc (NASDAQ:SHAZ) shares are trading higher Tuesday morning after the company signed a five-year cloud computing service agreement with a global artificial intelligence platform valued at $373 million. The contract will generate revenue starting in the first quarter of 2027 as the company expands its computing footprint across Australia.
Here’s what investors need to know.
- SharonAI Holdings stock is charging ahead with explosive momentum. Why is SHAZ stock up today?
Deal Advances Australia’s Sovereign AI Infrastructure Push
The initial deployment under the agreement will feature 2,048 NVIDIA Blackwell Ultra B300 GPUs. The deal leaves Sharon AI with 120 megawatts of its 132-megawatt total AI Factory capacity contracted to end customers.
To meet growing demand, the company plans to increase its total hardware capacity from 62,000 to 64,000 NVIDIA GPUs across its platform by mid-2027.
Sharon AI says the agreement reinforces Australia’s initiative to expand sovereign artificial intelligence infrastructure and establish a regional hub across the Asia-Pacific market. The high-performance compute capacity gives domestic businesses, researchers and government organizations direct local access to world-class processing power.
“This agreement represents an important milestone in the continued expansion of Sharon AI’s customer base and contracted AI infrastructure capacity,” said James Manning, co-founder and chief executive officer of Sharon AI.
“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.”
SHAZ Shares Climb Tuesday Morning
SHAZ Price Action: SharonAI Holdings shares were trading 3.34% higher at $54.14 at the time of publication on Tuesday, according to Benzinga Pro data.
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