Shares of Sharon AI Holdings Inc. (NASDAQ:SHAZ) climbed about 5% in Tuesday premarket trading after the company disclosed a five-year cloud computing services agreement valued at $373 million with a global artificial intelligence platform.
The company, described as an Australian Neocloud provider, said the contract will see it deliver cloud computing solutions across its domestic AI infrastructure. Sharon AI expects revenue from the agreement to begin in the first quarter of 2027.
Under the terms announced, Sharon AI’s total AI Factory capacity remains 132 megawatts, of which 120MW is now contracted to end customers. The arrangement also includes an initial hardware deployment that is expected to use 2,048 NVIDIA Blackwell Ultra B300 GPUs, with the prospect of additional deployments over the five-year term depending on customer requirements.
Operational upgrades are planned as part of the company’s longer-term capacity roadmap. Sharon AI said it will increase its NVIDIA GPU count across the AI Factory platform from 62,000 to 64,000 by mid-2027.
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."
The company framed the agreement as supporting Australia’s objective to attract AI infrastructure investment to the Asia-Pacific region by placing advanced AI compute capacity within the country. Sharon AI also said the contract will contribute to investment in Australian digital infrastructure and reinforce the nation’s role as a regional AI hub.
Below are the key operational facts from the announcement:
- Agreement length: five years.
- Contract value: $373 million.
- Revenue commencement: expected in Q1 2027.
- AI Factory total capacity: 132MW, with 120MW contracted.
- Initial GPU deployment under the deal: 2,048 NVIDIA Blackwell Ultra B300 GPUs.
- Planned GPU fleet expansion: from 62,000 to 64,000 NVIDIA GPUs by mid-2027.